25.09.2014 - Technical view
The price of EUR/USD broke the level of a local minimum near 1.2825, reached the target level of 1.2800 and continued to fall. In case of correction, the price may reach the inclined line of resistance and the level of 1.2825. Fixing the price below 1.2800 will be a confirmation to hold short positions. We maintain a medium-term negative outlook with the objectives of 1.2500 and 1.2200.
Nearest resistance levels: 1.2825, 1.3000, 1.3100, 1.3160, 1.3200, 1.3240, 1.3300, 1.3350
Nearest support levels: 1.2660, 1.2500, 1.2200
The price of GBP/USD after it failed to overcome the level of 1.6400, started to decline and broke the lower boundary of the rising channel. At the moment, the price approached the level of 1.6300 and in case of breaking of it may fall to 1.6250. Despite this, we expect the resumption of the upward price movement of the pound in the near future and maintain a medium-term positive outlook.
Nearest resistance levels: 1.6400, 1.6450, 1.6535, 1.6600, 1.6670
Nearest support levels: 1.6300, 1.6250, 1.6200, 1.6050, 1.6000
The price of USD/JPY after several attempts to overcome the support level 108.50, continued to grow and soon will reach a point 110.00. Fall is limited by the level of 108.50 and the inclined support level. We recommend holding long positions with a stop below 107.00 and maintain a positive outlook for the medium-term with the objectives of 115.00 and 120.00.
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 has broken the upper limit of the downward channel, but failed to gain a foothold beyond it and returned to its frames after a sharp drop in price. Currently quotations continue to fall and considering the strong downward momentum, we expect that in the near future, the price will reach the target level of 0.8800 and will continue to fall within the channel. Growth is limited by the level of 0.8900. We maintain a medium-term negative outlook for the Australian dollar.
Nearest resistance levels: 0.8900, 0.9000, 0.9100, 0.9130, 0.9200, 0.9240, 0.9330
Nearest support levels: 0.8800, 0.8760, 0.8700
The price of NZD/USD has broken through the nearest local minimum 0.8050 and reached the target level of 0.8000. Considering the strong downward impulse, we expect continued current downward trend and recommend holding short positions. In case of correction, the price can rise to inclined line of resistance and levels 0,8050-0,8075. We maintain a medium-term negative outlook and do not expect a change of the downward trend in the near future.
Nearest resistance levels: 0,8000, 0,8100, 0.8270, 0.8350, 0.8400, 0.8425, 0.8470
Nearest support levels: 0.7960, 0.7900, 0.7820