23.09.2014 - Technical view
The price of EUR/USD continues to move within the downtrend and now is consolidating around the mark of 1.2850. Growth is limited by a sloping resistance level and the nearest local maximum of about 1.2920. Signal for the closing of short positions will be fixing the price above 1.3000. We expect further price decline in the medium term with the objectives of 1.2800 and 1.2500.
Nearest resistance levels: 1.3000, 1.3100, 1.3160, 1.3200, 1.3240, 1.3300, 1.3350
Nearest support levels: 1.2800, 1.2660, 1.2500
The price of GBP/USD is gradually increasing along the bottom of the local rising channel. It is worth noting a decrease in volatility this week, after significant price fluctuations on Thursday and Friday. We predict that in the near future quotes will reach the target levels 1.6450 and 1.6530. It should be noted, the change of the negative trend to positive. We maintain our positive outlook for the medium-term and recommend holding long positions with a stop below 1.6250.
Nearest resistance levels: 1.6450, 1.6535, 1.6600, 1.6670
Nearest support levels: 1.6300, 1.6200, 1.6050, 1.6000
The price of USD/JPY continues to consolidate above the strong level of 108.50. The next upside target level in the case of continued growth will be 110.00. Fall is limited by the sloping support level and the mark of 108.00. Long positions should be closed in case the price fixing below 107.00. We recommend holding long positions and maintain a medium-term positive outlook.
Nearest resistance levels: 110.00, 111.00, 115.00, 120.00
Nearest support levels: 108.50, 107.00, 106.00, 105.40, 104.70, 104.00, 103.70
The price of AUD/USD after a sharp decline rebounded from the level of 0.8850 and now approached to the upper limit of the downward channel. In case of its penetration, confirmation of the signal to open long positions and to fix profits on short ones will be price fixing above 0,9000. We recommend holding short positions and maintain a medium-term negative outlook.
Nearest resistance levels: 0.9000, 0.9100, 0.9130, 0.9200, 0.9240, 0.9330, 0.9400, 0.9440
Nearest support levels: 0.8900, 0.8860, 0.8800
The price of NZD/USD is consolidating between the level of 0.8100 and the bottom of falling channel. Decrease in the amplitude of price fluctuations indicates a high probability of a strong price movement in the near future. At the moment, the potential for further reducing significantly decreased, but the reasons for the trend change to positive is also not observed. We expect further price decline in the medium term with the closest target at 0.8000.
Nearest resistance levels: 0.8270, 0.8350, 0.8400, 0.8425, 0.8470, 0.8530, 0.8560
Nearest support levels: 0.8100, 0.8000