22.08.2014 - Technical view

The price of EUR/USD rebounded from the 1.3240 level of and started to correct upwards. Further growth is limited by the level of 1.3300. To continue the downward trend, the price needs to fix below 1.3240. Today is expected the increase in volatility. Our medium-term outlook remains negative with the objectives of 1.3200 and 1.2800.

Nearest resistance levels: 1.3300, 1.3350, 1.3440, 1.3500, 1.3530, 1.3590, 1.3665

Nearest support levels: 1.3200, 1.3160, 1.3000, 1.2800

The price of GBP/USD stopped falling and is now consolidating around the level of 1.6580. In the near future the price may continue descending movement within a downtrend. To change the negative trend the price needs to break the upper limit of the downward channel and to overcome the level of the nearest local maximum of about 1.6670. We anticipate beginning of a correction in the near future and maintain a medium-term positive outlook.

Nearest resistance levels: 1.6600, 1.6670, 1.6700, 1.6770, 1.6810, 1.6890, 1.7000

Nearest support levels: 1.6550, 1.6500, 1.6460

The price of USD/JPY was unable to reach the strong level of 104.00 and continues to consolidate below it. For the continuation of the upward movement with the objectives of 104.70 and 105.40 the price needs to gain a foothold above this mark. In case of correction the price may fall to inclined line of support and the level of 102.70. We maintain our positive outlook for the medium-term.

Nearest resistance levels: 104.00, 104.70, 105.40

Nearest support levels: 103.00, 102.70, 102.20, 101.70, 101.15, 100.90, 100.00

The price of AUD/USD corrected upwards and offset most of the losses of the previous day. Growth is limited by the level of the nearest local maximum of about 0.9340. Breaking through this mark is unlikely and we expect the resumption of a downward trend. We maintain a medium-term negative outlook.

Nearest resistance levels: 0.9340, 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9220, 0.9200, 0.9100

The price of NZD/USD failed to gain a foothold beyond the local downward channel and rebounded from the 0.8350 level of. At the moment, the price is consolidating above 0.8400 and in case of further growth can reach the upper limit of the channel and the levels 0.8470 and 0.8530. In the near future the price will probably continue to move near the current levels.

Nearest resistance levels: 0.8470, 0.8530, 0.8560, 0.8600, 0.8660, 0.8720, 0.8780

Nearest support levels: 0.8400, 0.8360, 0.8300, 0.8220

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