12.06.2014 - ​Technical view

The price of EUR/USD was unable to break through the support level 1.3530 and now is consolidating above it. Within the correction, the price can reach the level of 1.3600. To continue the downward movement, the price needs to fix below 1.3500. We expect the price to fall further in the medium term with a target at around 1.3400.

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 rose sharply yesterday and was able to reach the inclined resistance line. For further growth, the quotes need to overcome this resistance line and the gain a foothold above strong the level of 1.6810. In case of decrease the price may reach the level of support at 1.6750 and 1.6700. We maintain a positive medium-term outlook for the pound.

Nearest resistance levels: 1.6810, 1.6840, 1.6900, 1.7000

Nearest support levels: 1.6770, 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 corrected downwards after reaching the resistance at 0.9400. To continue the downward movement, the price should move beyond the local rising channel and fix there. Growth is limited by the level of 0.9400. We expect a decline of price of the Australian dollar in the coming days with a target at about 0.9300 and maintain a medium-term negative outlook.

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 grew up with a gap up and reached the strong level of 0.8650. Further growth is limited by the level of the local maximum near 0.8690. We expect that after the growth, the price will start to decline and close the gap. In the medium term, the upside is limited, but in the near future the price increase is likely to continue.

Nearest resistance levels: 0.8690, 0.8700, 0.8740, 0.8780

Nearest support levels: 0.8600, 0.8560, 0.8480, 0.8420, 0.8400

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