30.10.2014 - Technical view

The price of EUR/USD after consolidation above the level of 1.2700 began to fall and has broken through the support level 1.2600. According to our estimates, the decline will continue until the level 1.2500, the overcoming of which will be the reason for further decline to the target level of 1.2200. Growth is limited by a strong level of 1.2825. We recommend holding short positions and maintain a medium-term negative outlook.

Nearest resistance levels: 1.2700, 1.2825, 1.2925, 1.3000, 1.3100, 1.3160, 1.3200, 1.3240

Nearest support levels: 1.2600, 1.2500, 1.2450, 1.2200

The price of GBP/USD has broken through the lower boundary of the triangle and reached the support level 1.5960. In case of further reduction, the price will drop to a local minimum near 1.5880, the overcoming of which will be a signal of future decrease to the level of 1.5500. Growth is limited by the angled line of resistance and to change the current negative trend quotations will need to fix above the level of 1.6200. We maintain a positive outlook for the medium-term, but expect continuation of fall the price in the near future.

Nearest resistance levels: 1.6000, 1.6200, 1.6300, 1.6400, 1.6450

Nearest support levels: 1.5960, 1.5880, 1.5800, 1.5600

The price of USD/JPY after consolidation along the lower boundary of the local rising channel started to rise sharply and broke an important resistance level 108.50. Currently quotes have overcome the level of 109.00 and according to our estimates will continue to rise to the level of 110.00. We recommend holding long positions and move the stop to a level below 107.60. Our medium-term outlook also remains positive.

Nearest resistance levels: 110.00, 111.00, 115.00, 120.00

Nearest support levels: 108.50, 107.60, 107.00, 106.00, 105.40, 104.70, 104.00, 103.70

The price of AUD/USD reached the level of 89.00, but was not able to overcome it and started a sharp decline. Within the fall the price reached a sloping support line. In case of further reduction the price will reach 0.8660 which is the local minimum and for overcoming of which will be needed a strong stimulus. We maintain a medium-term negative outlook and expect high price volatility today.

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

Nearest support levels: 0.8660, 0.8600, 0.8550, 0.8500

The price of NZD/USD could not overcome the inclined resistance line and strongly decreased. Currently quotes are consolidated near the level of 0.7800. Further reduction is limited by the local minimum of 0.7740. Growth is limited by the levels 0.7950 and 0.8000. We recommend holding short positions and maintain a medium-term negative outlook.

Nearest resistance levels: 0.7950, 0.8000, 0.8050, 0.8270, 0.8350

Nearest support levels: 0.7800, 0.7740, 0.7700, 0.7500

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