02.07.2014 - ​Technical view

The price of EUR/USD is consolidating around the mark of 1.3680, after it failed to overcome the upper limit of the rising channel and the psychologically important level of 1.3700. In case of further correction the price may fall to 1.3665. For the continued growth the price needs to gain a foothold above 1.3700. We maintain a medium-term negative outlook with targets at 1.3500 and 1.3400.

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 rolled down after reaching the inclined resistance level and now is consolidating around the mark of 1.7150. Within the correction, the price may fall to 1.7060. Further upward movement is likely to continue in the medium term. Target levels for further growth are 1.7200 and 1.7300.

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 continued the upward movement within the downward channel and reached the strong level of 101.60. Further growth is limited by the upper border of the channel in the case of breaking of which, the price can reach 102.20. We expect growth of quotations in the medium term with target prices at 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 reached the mark of 0.9500, but was unable to continue its upward movement and started to decline sharply to the nearest support level at 0.9440. We expect that the price will continue to decline and will reach the level 0.9400 and an inclined support line. In the medium term the price of the Australian currency is likely to continue to decline with the targets around 0.9200.

Nearest resistance levels: 0.9500, 0.9600

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

The price of NZD/USD once again has not overcome the psychological mark of 0.8800 and reached the lower boundary of the channel. The signal of a trend reversal will be fixing the price below the local minimum at 0.8730. In case of expected fall the targets will be 0,8660 and 0.8560. We expect a substantial price correction in the medium term.

Nearest resistance levels: 0.8780, 0.8800

Nearest support levels: 0.8660, 0.8600, 0.8560, 0.8480

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