05.08.2014 - Technical view

The price of EUR/USD after it was not able to overcome the resistance level 1.3440, began to decline gradually and now is consolidating around the mark 1.3420. Resumption of growth is possible in case of fixing the price above 1.3440. In such case, the price may rise to 1.3500 and 1.3530. More probable is the continuation of the downward movement with the target 1.3370. We maintain a medium-term negative outlook for the euro.

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

Nearest support levels: 1.3370, 1.3200, 1.3160, 1.3000, 1.2800

The price of GBP/USD rebounded from the level of 1.6810 and broke the upper limit of the local downward channel and approached the sloping resistance line. For the continued growth, the price needs to overcome this resistance line and to gain a foothold above 1.6900. Fall is limited by local minimum near 1.6810. We maintain our positive medium-term outlook for the British pound.

Nearest resistance levels: 1.6900, 1.7000, 1.7050, 1.7100, 1.7180, 1.7200, 1.7300

Nearest support levels: 1.6810, 1.6770

June 20 of USD Performance

The price of USD/JPY could not break through the resistance level of 102.70 and still continues to consolidate below this mark. In case of reduction, the quotations may reach the mark of 102.20. We maintain our positive outlook for the medium-term and recommend opening long positions after the price fixing above the 102.70 and breaking through 103.00.

Nearest resistance levels: 102.70, 103.00, 104.00, 104.70

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

June 20 of USD Performance

The price of AUD/USD has reached the strong level of 0.9330 and in case of fixation above this mark the price may continue its upward movement with the objectives of 0.9380 and 0.9440. In case of fall, the first target will be the level of 0.9280, after reaching of which the downward movement may continue to 0.9200. We maintain a medium-term negative outlook, but admit the possibility of growth of quotations in the near future.

Nearest resistance levels: 0.9330, 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9220, 0.9200, 0.9100

June 20 of USD Performance

The price of NZD/USD continues a gradual growth within the local corrective trend. A further increase in prices is limited by resistance level around 0.8560. Tonight is expected the increase in volatility and a signal to open positions will be the price fixing outside the corridor 0,8480-0,8560. To determine the further movement, we need additional 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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