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10.07.2014 - Technical view

The price of EUR/USD after fixation above 1.3600, accelerated the growth and reached the next resistance level at 1.3640. In case of further growth, the price will reach 1.3665. In case of reversal of the short-term uptrend the first targets will be at 1.3600 and 1.3590. We expect the resumption of descending movement in the medium term.

Nearest resistance levels: 1.3665, 1.3700, 1.3750, 1.3790

Nearest support levels: 1.3600, 1.3590, 1.3530, 1.3500, 1.3400

EUR/USD Index of June 3

The price of GBP/USD bounced back from the bottom of the rising channel, as well as the level of 1.7100 and reached 1.7150. For the continued growth, the price needs to overcome the strong resistance level at 1.7180, after which the price will continue to rise to 1.7200 and 1.7300. In case of reduction, a signal to sell will be price fixing below 1.7100. Среднесрочный взгляд остается позитивным.

Nearest resistance levels: 1.7180, 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 an unsuccessful attempt to resume growth started to decline again and reached 101.50. Further fall is limited by the levels 101.40 and 100.90. For the resumption of growth, the price should overcome the level of 101.70. We maintain our positive outlook for the medium-term with targets 102.70 and 104.00.

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

Nearest support levels: 101.40, 100.90, 100.00

The price of AUD/USD due to strong upward impulse reached the important level of 0.9440, but failed to gain a foothold above it and started a sharp decline. At the moment, the price returned to around 0.9400, and may continue to decline to 0.9360 and 0.9330. We maintain a medium-term negative outlook for the Australian dollar.

Nearest resistance levels: 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9360, 0.9330, 0.9300, 0.9220, 0.9200

The price of NZD/USD increased to the upper limit of the upward channel and now is consolidating below this level. Taking into account weak growth potential, we expect that the quotes will gradually decline within the channel with the first target around 0.8780. Medium-term outlook remains moderately negative.

Nearest resistance levels: 0.8850

Nearest support levels: 0.8800, 0.8780, 0.8660, 0.8600, 0.8560, 0.8480

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