11.06.2014 - Technical view

The price of EUR/USD has broken through the support at 1.3590 and reached the nearest local minimum of about 1.3530. The price of pair may continue to fall within the descending channel and decrease to its lower boundary and the support level by 1.3500. We expect the upward price rebound in the near future, after which the price will continue to fall within the channel.

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

Nearest support levels: 1.3500, 1.3400

The price of GBP/USD has failed to overcome the inclined resistance level and resumed the downward movement. Currently pound is consolidating around the level 1.6750 and with the further reduction will reach 1.6700. For the resumption of growth, the price needs to break through the inclined resistance line and to gain a foothold above 1.6810. We expect the resumption of price growth in the near future and maintain our positive view on the pound in the long term.

Nearest resistance levels: 1.6770, 1.6810, 1.6840, 1.6900, 1.7000

Nearest support levels: 1.6700, 1.6560

The price of USD/JPY continues to consolidate within the local rising channel and reached the lower boundary of the channel. Further reduction is limited by a strong level of 102.00. For the resumption of growth, the price needs to break and fix above 102.70. With further growth, the target levels will become 104.00 and 104.70. We reaffirm the long-term and medium-term positive outlook.

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 has overcome the slant resistance line and continues to grow gradually, and will probably reach the strong level of 0.9400. In case of correction, the price will reach the support at 0.9360 and 0.9340. We expect that the price will resume a downward movement in the medium term.

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 has broken through the inclined resistance line and reached the mark of 0.8550. For the continued growth, the price needs to gain a foothold above 0.8560. In such case, the price will rise to 0.8700. More likely that the quotes will resume fall with targets at 0.8480 and 0.8400. Potential for further growth is low and we expect the resumption of descending tendency.

Nearest resistance levels: 0.8560, 0.8600, 0.8690, 0.8700, 0.8740, 0.8780

Nearest support levels: 0.8480, 0.8420, 0.8400

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