09.06.2014 - Technical view
The price of EUR/USD decreased slightly and is consolidating around the level 1.3650. In case of further decline, the price may reach 1.3590 and 1.3540. For growth, the price needs to gain a foothold above the local maximum of about 1.3670. We expect a decline of the Euro in the medium and long term.
Nearest resistance levels: 1.3650, 1.3700, 1.3750, 1.3790, 1.3850, 1.3900
Nearest support levels: 1.3590, 1.3540
The price of GBP/USD is consolidating around the strong level 1.6810 and strong inclined resistance line. For continued growth, price needs to gain a foothold above these levels. In such case, the price may reach 1.6900 and 1.7000. We expect a decline of price in the near future, but keep medium and long term positive outlook.
Nearest resistance levels: 1.6840, 1.6900, 1.7000
Nearest support levels: 1.6770, 1.6700, 1.6560
The price of USD/JPY resumed growth within the local rising channel. To continue the upward movement, the price needs to gain a foothold above 102.70. In such case the price can rise to 104.00 and 105.40. Within the correction the price may decline to the lower boundary of the channel. We maintain our medium-and long-term positive outlook for the pair.
Nearest resistance levels: 102.70, 103.00, 104.00, 104.70
Nearest support levels: 102.00, 101.40, 100.90
The price of AUD/USD is consolidating around the level of 0.9340. Further growth is limited by the inclined line and resistance level 0.9400. We expect a decline of price of the Australian dollar with the first target around 0.9300 and keep a medium-term negative outlook for the pair.
Nearest resistance levels: 0.9400, 0.9460
Nearest support levels: 0.9300, 0.9220, 0.9200, 0.9100
The price of NZD/USD corrected upwards after a long fall and hit 0.8550 but failed to gain a foothold above it. We expect the resumption of the downward movement in the near future and keep a medium-term negative outlook. Within the fall the price may decline to 0.8400.
Nearest resistance levels: 0.8520, 0.8600, 0.8690, 0.8700, 0.8740, 0.8780
Nearest support levels: 0.8420, 0.8400