30.09.2014 - Technical view

The price of EUR/USD has stopped the decline and now is consolidating near the level of 1.2700. In case of upward correction, the price may rise to the level of 1.2800 and a sloping line of resistance. At the moment, there is no reason to talk about the change of the trend. We expect a continuation of the current downward momentum in the medium term with the objectives of 1.2500 and 1.2200 and recommend holding short positions.

Nearest resistance levels: 1.2700, 1.2825, 1.3000, 1.3100, 1.3160, 1.3200, 1.3240

Nearest support levels: 1.2660, 1.2500, 1.2450, 1.2200

The price of GBP/USD continues to fall within the local downward channel and is currently consolidating above 1.6200. To continue the downward price movement with the target at 1.6050, the quotations need to fix below 1.6200. We expect the resumption of the upward movement and recommend to open long positions after the fixation of quotations above 1.6300. Our medium-term outlook remains positive.

Nearest resistance levels: 1.6300, 1.6400, 1.6450, 1.6535, 1.6600, 1.6670

Nearest support levels: 1.6200, 1.6050, 1.6000

The price of USD/JPY after the increase stabilized below the psychologically important level of 110.00. In case of correction, quotations may fall to 108.50. At the moment, there is no reason to change the upward trend and we recommend holding long positions with a stop below 108.50. Our medium-term outlook remains positive 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 after several attempts to overcome the strong support level of 0.8700, began to grow and now is trying to go beyond the boundaries of the descending channel. Further increase of price is limited by the levels of 0.8800 and 0.8900. For the continuation of falling of prices within the channel, the quotations will need to fall below 0.8700. We maintain a medium-term negative outlook, but assume the correction in the near future.

Nearest resistance levels: 0.8800, 0.8900, 0.9000, 0.9100, 0.9130, 0.9200, 0.9240, 0.9330

Nearest support levels: 0.8700, 0.8660

The price of NZD/USD after it almost reached the level of 0.7700 started to correct downwards and now has grown to the level of 0.7800 and is trying to overcome the inclined resistance level. In case of continued upward correction, quotations may reach 0.7900. Despite the current correctional movement, we expect continuation of falling the prices in the medium term and recommend holding short positions.

Nearest resistance levels: 0.7820, 0.7900, 0.8000, 0.8050, 0.8270, 0.8350, 0.8400

Nearest support levels: 0.7700, 0.7500

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