24.07.2014 - Technical view
The price of EUR/USD after reaching the inclined support line, remained almost unchanged and is consolidating around the level of 1.3460. In case of correction, quotations may reach the level of 1.3500 and 1.3530. More probable is the continuation of a downward movement with the closest target near 1.3400. Medium-term outlook remains negative.
Nearest resistance levels: 1.3500, 1.3530, 1.3590, 1.3665, 1.3700, 1.3750, 1.3790
Nearest support levels: 1.3400, 1.3200, 1.3000
The price of GBP/USD has broken through the level of 1.7050 and achieved strong inclined support line. In case of fixation lower than 1.7050 and breaking this inclined support line, we recommend to open short positions with a view to 1.6970. Growth is limited by the level of 1.7100. Despite the current decline, we maintain a positive outlook for the medium-term with objectives of 1.7200 and 1.7300.
Nearest resistance levels: 1.7100, 1.7180, 1.7200, 1.7300
Nearest support levels: 1.7000, 1.6970, 1.6900, 1.6810, 1.6770
The price of USD/JPY has broken through the upper boundary of the triangle and approached the nearest local maximum near 101.60. In the case of consolidation above the triangle and breaking through the level of 101.70, we recommend to open long positions with the targets 102.20 and 102.70. Fall is limited by a strong support level near 101.15. We maintain our positive outlook for the medium-term.
Nearest resistance levels: 101.70, 102.20, 102.70, 103.00, 104.00, 104.70
Nearest support levels: 101.15, 100.90, 100.00
The price of AUD/USD after fixing outside the triangle has sharply grown and has broken through the upper limit of the side corridor 0,9330-0,9440. After consolidation above 0.9440, the quotes reached, 0.9500. We expect that the price growth will be short and despite the likely increase in prices in the near future, keep medium-term negative outlook.
Nearest resistance levels: 0.9500, 0.9600
Nearest support levels: 0.9440, 0.9330, 0.9300, 0.9220, 0.9200
The price of NZD/USD decreased with a gap and continued a sharp drop. Downward movement may slow down near the level of 0.8560, after the previous gap will be closed. Within the correction, the price may reach 0.8600, but this scenario is unlikely. We expect a further fall of the New Zealand dollar with objectives of 0.8480 and 0.8560.
Nearest resistance levels: 0.8600, 0.8660, 0.8720, 0.8780, 0.8800, 0.8850
Nearest support levels: 0.8560, 0.8480