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01.07.2014 - Technical view

The price of EUR/USD despite our expectations broke through the level of 1.3665 and almost reached the mark 1.3700. Within already established channel the price has reached its upper limit and in the near future probably will correct downward to 1.3665. In the coming weeks, the price may continue to rise within the channel, but we expect the resumption of the downward movement in the medium term.

Nearest resistance levels: 1.3700, 1.3750, 1.3790

Nearest support levels: 1.3665, 1.3590, 1.3530, 1.3500, 1.3400

The price of GBP/USD after a long consolidation could overcome the level of 1.7060 and reached the target mark of 1.7100. In case of correction, quotations may fall to 1.7060. Further growth is limited by the inclined resistance level and the marks at 1.7200 and 1.7300. We maintain our positive outlook for the medium-term.

Nearest resistance levels: 1.7200, 1.7300

Nearest support levels: 1.7060, 1.7000, 1.6950, 1.6900, 1.6810, 1.6770

The price of USD/JPY rebounded from the bottom of the descending channel and started to correct upwards. Within the correction, the closest targets will be the levels of 101.60 and 101.80. In case of continued growth, the signal of trend reversal will be price fixing above 102.20. Despite the recent decline, we maintain a positive medium-term outlook for the pair with the objectives of 102.70 and 104.00.

Nearest resistance levels: 101.80, 102.20, 102.70, 103.00, 104.00, 104.70

Nearest support levels: 101.40, 100.90, 100.00

The price of AUD/USD has broken through the upper boundary of the triangle. Confirmation of a buy signal will be fixing the price above the level 0.9440. Reduction is limited by inclined support level. We expect growth of the price of the Australian dollar with the target near 0.9600 after which the downward movement may resume.

Nearest resistance levels: 0.9500, 0.9600

Nearest support levels: 0.9440, 0.9360, 0.9300, 0.9220, 0.9200, 0.9100

The price of NZD/USD was not able to resume the downward movement and again bounced from the lower border of the local rising channel. Further growth is limited by the resistance at 0.8780 and the psychological level of 0.8800. We do not expect significant growth in the coming weeks and expect that the price will continue to be traded near current levels.

Nearest resistance levels: 0.8780, 0.8800

Nearest support levels: 0.8690, 0.8600, 0.8560, 0.8480

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