29.10.2014 - ​Technical view

The price of EUR/USD has overcome the level of 1.2700 and continues to grow within the local uptrend. In case of further growth the price will reach 1.2825. Overcoming this mark is unlikely. Today we expect a strong increase in volatility which also will continue tomorrow. We keep a medium-term negative outlook but do not exclude the strong price movements in either direction until the end of the week.

Nearest resistance levels: 1.2825, 1.2925, 1.3000, 1.3100, 1.3160, 1.3200, 1.3240

Nearest support levels: 1.2700, 1.2600, 1.2500, 1.2450, 1.2200

The price of GBP/USD could not overcome the angled line of resistance and continues to consolidate within the triangle. Moving beyond this figure will be a signal for opening positions. Thus, we should expect consolidation above 1.6200, for growth to the levels of 1.6450 and 1.6530, or below1.6000, with the targets near 1.5700 and 1.5560. We keep a positive outlook for the medium-term, but to wait for recommend the confirmation of the signal to the open positions.

Nearest resistance levels: 1.6200, 1.6300, 1.6400, 1.6450

Nearest support levels: 1.6000, 1.5880, 1.5800, 1.5600

The price of USD/JPY continues to move upward along the lower border of the local rising channel. The nearest resistance level, which is needed to overcome for continued growth with the target near 110.00 is 108.50. Fall is limited by the strong level of 107.00. We keep a medium-term positive outlook and recommend holding long positions with the targets 110.00, 112.00 and 115.00.

Nearest resistance levels: 108.50, 110.00, 111.00, 115.00, 120.00

Nearest support levels: 107.00, 106.00, 105.40, 104.70, 104.00, 103.70

The price of AUD/USD has broken through the upper limit of the corridor 0,8660-0,8800 and reached the nearest local maximum near 0.8860. Further growth is limited by the level of 0.8925 in case of overcoming of which we should close short positions. Fall is limited by the level of 0.8660. Today, we expect strong growth of volatility and maintain a medium-term negative outlook.

Nearest resistance levels: 0.8900, 0.9000, 0.9100, 0.9130, 0.9200

Nearest support levels: 0.8800, 0.8660, 0.8600, 0.8550, 0.8500

The price of NZD/USD continued to rise and reached a sloping resistance line. Further growth is limited by the psychologically important level of 80.00 overcoming of which will be a signal of change of the downward trend to positive. In such a case we recommend to close short positions and open long ones. Today we expect strong growth of volatility. We keep a medium-term negative outlook.

Nearest resistance levels: 0.8000, 0.8050, 0.8270, 0.8350

Nearest support levels: 0.7900, 0.7800, 0.7740, 0.7700, 0.7500

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