07.07.2014 - Technical view

The price of EUR/USD continues a gradual decline within which has overcome a strong level of 1.3590. Within correction the price may reach 1.3600. We recommend holding short positions with the target at 1.3530. Our medium-term outlook on the euro remains negative.

Nearest resistance levels: 1.3590, 1.3650, 1.3665, 1.3700, 1.3750, 1.3790

Nearest support levels: 1.3530, 1.3500, 1.3400

The price of GBP/USD keeps consolidating around the level of 1.7150. To continue the upward movement the price needs to gain a foothold above $ 1.7180, which is a local maximum. Change in trend is possible in the case of fixing the price below 1.7100. We maintain our positive outlook for the medium-term with targets at 1.7200 and 1.7300, but do not exclude the price correction in the near future.

Nearest resistance levels: 1.7200, 1.7300

Nearest support levels: 1.7100, 1.7060, 1.7000, 1.6950, 1.6900, 1.6810, 1.6770

The price of USD/JPY after a minor correction is trying again to break the important level of 102.20, and then the price is likely to grow to 102.70. The correction is possible to 102.00. We expect breaking through the level of 102.20 with subsequent growth of the price to 102.70 and 104.00 in the medium term.

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

Nearest support levels: 102.00, 101.60, 101.40, 100.90, 100.00

The price of AUD/USD after the rebound from the level of 0.9330 keeps consolidating above this mark. Continued movement will be possible in the case of fixing the price below this mark. We expect that in the near future, the price will continue to consolidate in the corridor 0,9330-0,9360 and then will continue the downward movement with the target near 0.9200.

Nearest resistance levels: 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9330, 0.9300, 0.9220, 0.9200

The price of NZD/USD continues a gradual decline amid low volatility and limitation of growth by fundamental reasons. Through the further reduction the price will reach support at 0.8660. We expect that the price in the near future will continue to move near the current levels.

Nearest resistance levels: 0.8780, 0.8800

Nearest support levels: 0.8660, 0.8600, 0.8560, 0.8480

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