10.06.2014 - Technical view

The price of EUR/USD has corrected downwards and reached the lower limit of the corridor 1,3590-1,3660. To continue the downward movement the price needs to fix below the support at 1.3590. In such case the first target will be the level of 1.3540. Growth is limited by the upper boundary of on the side corridor 1,3660. Today is possible the rebound of price within the corridor, but we expect further downward movement of price 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 continued a gradual decline along the inclined line of resistance and now is consolidating around the mark 1.6800. To continue the growth, the price needs to fix above 1.6810 and the inclined resistance line. Drop is limited by the levels of support at 1.6770 and 1.6700. We expect a downward correction in the near future, 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

The price of USD/JPY continues to consolidate around the level of 102.30. Currently quotes of a pair approach the lower border of the local rising channel. A signal to sell will be breaking through the bottom channel and fixing the price below 102.00. We expect the price to overcome resistance at 102.70 and continue the growth in the medium and long term.

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 continues to consolidate between the horizontal support at 0.9340 and the inclined resistance line. Further growth is limited by the level of 0.9400 of a pair. We expect a price decline of the Australian dollar in the medium term with the first target at 0.9300 after reaching of which the price may continue to fall to 0.9220.

Nearest resistance levels: 0.9400, 0.9460

Nearest support levels: 0.9340, 0.9300, 0.9220, 0.9200, 0.9100

The price of NZD/USD continues the downward movement along the inclined line of resistance. In case of resumption of growth, the price may reach 0.8560. We expect further decline of price. A signal to sell will be fixing the price below the local minimum at 0.8480. Fall of price is likely to continue in the medium term.

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

Nearest support levels: 0.8480, 0.8420, 0.8400

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