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06.06.2014 - ​Technical view

The price of EUR/USD has sharply decreased to a strong level of 1.3500, but rebounded upwards and reached the level of 1.3660. Now, the price continues to consolidate around this level. To continue the upward movement the quotes of the pair need to gain a foothold above 1.3650. We expect a downward correction with the closest target near 1.3600 and maintain medium and long term negative outlook for the euro.

Nearest resistance levels: 1.3700, 1.3750, 1.3790, 1.3850, 1.3900

Nearest support levels: 1.3650, 1.3590, 1.3540

April 23, 2014 of EUR-USD Performance

The price of GBP/USD has broken through the strong resistance level at 1.6770, reached the inclined resistance line and now is consolidating around 1.6800. To continue the upward movement, the price needs to overcome the inclined line and to gain a foothold above the resistance level at 1.6810. We expect price correction with the target at 1.6770, but keep medium and long term positive outlook for the British pound.

Nearest resistance levels: 1.6840, 1.6900, 1.7000

Nearest support levels: 1.6770, 1.6700, 1.6560

April 30, 2014 of USD Performance

The price of USD/JPY continued to decline and reached the level of 102.30. In case of further decrease, the price may fall to 102.00. Growth is limited by the strong resistance at 102.70. We expect the resumption of price growth within the local rising channel and maintain medium and long term positive outlook.

Nearest resistance levels: 102.70, 103.00, 104.00, 104.70

Nearest support levels: 102.00, 101.40, 100.90

April 23 of USD Performance

The price of AUD/USD rose sharply and reached the level of resistance at 0.9330. At the moment, the quotes are trying to gain a foothold above 0,9300. Further growth is limited by the level of 0.9400. We expect a downward correction in the near future and maintain a medium-term negative outlook for the Australian dollar.

Nearest resistance levels: 0.9400, 0.9460

Nearest support levels: 0.9300, 0.9220, 0.9200, 0.9100

April 30 of USD Performance

The price of NZD/USD has broken through the upper limit of the downward channel and reached 0.8500 but failed to gain a foothold above it. To continue the upward movement the quotations need to gain a foothold above 0.8520. We expect a downward correction and maintain a medium-term negative outlook for the New Zealand dollar.

Nearest resistance levels: 0.8520, 0.8600, 0.8690, 0.8700, 0.8740, 0.8780

Nearest support levels: 0.8420, 0.8400

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