31.07.2014 - Technical view

The price of EUR/USD reached the target level of 1.3400 and continued to move up to a sloping support line. If the price will fix below 1.3400, we expect a continuation of the downward movement to the support level around 1.3200 and 1.3160. Correction to 1.3440 is possible, but probably the price will continue to decline, and only then will start to correct upwards. Medium-term outlook remains negative.

Nearest resistance levels: 1.3400, 1.3440, 1.3500, 1.3530, 1.3590, 1.3665, 1.3700

Nearest support levels: 1.3200, 1.3160, 1.3000, 1.2800

The price of GBP/USD after yesterday's decline to the strong level of 1.6900, rebounded upwards and keeps moving inside the descending channel. The upward correction is possible to the level of 1.6950 and the upper boundary of the channel. Continuation of the current fall is possible after fixing the price below 1.6900. In such case the quotes may fall to 1.6810 and 1.6770. Downward movement in the near future may continue, but in the medium term, we maintain a positive outlook.

Nearest resistance levels: 1.7000, 1.7050, 1.7100, 1.7180, 1.7200, 1.7300

Nearest support levels: 1.6900, 1.6810, 1.6770

The price of USD/JPY accelerated growth and reached the target level of 102.70, and now is trying to gain a foothold above it. In case of success, a confirmation of a buy signal will be fixing the price above this mark, and overcoming the level of 103.00. We maintain our positive outlook for the medium-term with the closest target of about 104.00.

Nearest resistance levels: 103.00, 104.00, 104.70

Nearest support levels: 102.70, 102.20, 101.90, 101.15, 100.90, 100.00

The price of AUD/USD broke the lower limit of the corridor 0,9330-0,9440 and now is consolidated in the range 0,9300-0,9330. In case of continued downward movement, the price is likely to reach the level of 0.9220. We expect that in the medium term quotations of the Australian dollar will continue to decline and will reach the levels of 0.9200 and 0.8900.

Nearest resistance levels: 0.9330, 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9300, 0.9220, 0.9200, 0.9100

The price of NZD/USD while continuing to move in the downward channel has reached the strong support level of 0.8480 and rebounded upwards. Further fall is possible only after fixing the price below this mark. At the moment, it is likely that in the near future we may see an upward correction with the target near 0.8560. To determine the medium-term dynamics, we need new signals.

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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