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25.07.2014 - Technical view

The price of EUR/USD continues to consolidate near the level of 1.3460, after yesterday's unsuccessful attempt to grow. In case of upward correction, the price can reach the level of 1.3500, but we expect that in the near future the price will continue to decline with the first goal of about 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 inclined support line and reached the next target level of 1.6970. Within further decrease, the price may reach 1.6900. Growth is limited by the sloping resistance line. To determine future price movements, we need new signals. We maintain a medium-term positive outlook for the British pound.

Nearest resistance levels: 1.7050, 1.7100, 1.7180, 1.7200, 1.7300

Nearest support levels: 1.6970, 1.6900, 1.6810, 1.6770

The price of USD/JPY has fixed outside the triangle and has overcome the level of the nearest local maximum at about 101.70, which is a confirmation for opening long positions with targets at 102.20 and 102.70. Falling is limited by the levels of support at 101.60 and 101.40. We maintain our positive outlook for the medium-term.

Nearest resistance levels: 102.20, 102.70, 103.00, 104.00, 104.70

Nearest support levels: 101.60, 101.15, 100.90, 100.00

The price of AUD/USD was unable to gain a foothold above the limit of the corridor 0,9330-0,9440 and corrected downwards to a sloping line and support level of 0.9400 and in case of fixation below which, the price will probably reach the level of 0.9330. Growth is limited by the resistance at 0.9440. We confirm our medium-term negative outlook for the Australian dollar.

Nearest resistance levels: 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9330, 0.9300, 0.9220, 0.9200

The price of NZD/USD slowed its decline after reaching the support level at 0.8560. Presently is possible the price rebound up to 0.8600. Change to a positive trend in the near future is unlikely. We expect that soon the quotes of the New Zealand dollar will rise slightly within the correction, after which the downward movement is likely to continue.

Nearest resistance levels: 0.8600, 0.8660, 0.8720, 0.8780, 0.8800, 0.8850

Nearest support levels: 0.8560, 0.8480

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