28.08.2014 - Technical view

The price of EUR/USD has broken through the upper limit of the local downward channel and the level of 1.3200, below which it was consolidating for a long time. With further growth, the closest targets will be at 1.3240 and 1.3300. Overcoming the level 1.3350 is unlikely. We expect continued downward movement in the medium term, but in the short term we can see the continuation of the upward correction.

Nearest resistance levels: 1.3240, 1.3300, 1.3350, 1.3440, 1.3500, 1.3530

Nearest support levels: 1.3200, 1.3160, 1.3100, 1.3000, 1.2800

July 17 of USD Performance

The price of GBP/USD has reached the upper limit of the downward channel and consolidates below 1.6600. Overcoming this level and fixing the price above 1.6670 will confirm the signal to open long positions with the targets at 1.6810, 1.6900 and 1.7000. Fall is limited by the level of the nearest local minimum of about 1.6630. We maintain our positive outlook for the medium-term but recommend to wait for the signal to open long positions.

Nearest resistance levels: 1.6600, 1.6670, 1.6700, 1.6770, 1.6810, 1.6890, 1.7000

Nearest support levels: 1.6550, 1.6500, 1.6460

July 24 of USD Performance

The price of USD/JPY has broken through the inclined support line and continues to decline gradually. In case of fixing the quotes below 103.70, the price is likely to reach 103.00. Signal for opening long positions will be fixing the price above the level of 104.00 and overcoming of the nearest local maximum near 104.20. We maintain our positive outlook for the medium-term.

Nearest resistance levels: 104.00, 104.70, 105.40

Nearest support levels: 103.70, 103.00, 102.70, 102.20, 101.70, 101.15, 100.90

July 24 of USD Performance

The price of AUD/USD fixed above the important level of 0.9330 and broke through the level of the nearest local maximum 0.9340, which was a confirmation of a buy signal. With high probability the price will soon reach the levels of 0.9380 and 0.9440. The growth of quotations above 0.9440 is unlikely. For the resumption of the fall, the price should be fixed below 0.9330 and break through 0.9280. We recommend to open short-term long positions, but maintain a medium-term negative outlook.

Nearest resistance levels: 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9330, 0.9280, 0.9240, 0.9200, 0.9100

The price of NZD/USD has broken through the inclined resistance level and in the near future is likely to reach the level of 0.8425 the overcoming of which will be a signal for opening long positions with targets at 0.8530 and 0.8650. We expect a continuation of the current short-term upward trend in the near future.

Nearest resistance levels: 0.8425, 0.8470, 0.8530, 0.8560, 0.8600, 0.8660, 0.8720

Nearest support levels: 0.8330, 0.8300, 0.8220

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