28.07.2014 - ​Technical view

The price of EUR/USD fell down again and is consolidating around the level 1.3430. In the near future price of the euro will probably reach the target level of 1.3400, and then can correct upwards. Growth within the correction is limited by the level of 1.3530. Medium-term outlook remains negative and we expect a decrease in price to 1.3160 and 1.2800.

Nearest resistance levels: 1.3500, 1.3530, 1.3590, 1.3665, 1.3700, 1.3750, 1.3790

Nearest support levels: 1.3400, 1.3200, 1.3160, 1.3000, 1.2800

The price of GBP/USD reached the target level of 1.6970 and continues to consolidate above it. To continue the current trend, the price should fix below this mark. At the moment there is a high probability of the rising price correction with the target at 1.7050. We maintain our positive outlook for the medium-term with targets at 1.7200 and 1.7300.

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 continues to consolidate above the level of 101.70. In case of continued growth, the closest targets will be the levels of 102.20 and 102.70. Support is located around 101.60. We recommend holding long positions until reaching the level of 102.20, and then will review our forecast. In the medium term the price will probably reach the level of 104.00.

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 continued to fall and broke the first target around 0.9400. After fixing the price below this mark, we expect the continuation of reduction with the target at 0.9330, which coincides with the lower boundary of the corridor. We recommend holding short positions up to achieving the target level. Medium-term outlook remains negative.

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 within the fall has reached and overcome the target level 0.8560. Now the price is trying to consolidate below this point and probably will continue to decline until the next target 0.8480. Possible correction is up to 0.8600. We maintain our negative outlook for the next few days, but the price drop is likely to be limited.

Nearest resistance levels: 0.8560, 0.8600, 0.8660, 0.8720, 0.8780, 0.8800, 0.8850

Nearest support levels: 0.8480, 0.8400

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