13.05.2014 - ​Technical view

The price of EUR/USD has stopped to decline at 1.3750 and continues to consolidate above this mark. In case of upward correction, the price may reach the nearest resistance at 1.3790. To continue the downward movement the price needs to break through support at 1.3750. In this case, the price may fall to 1.3700. We maintain our medium-and long-term negative outlook for the pair.

Nearest resistance levels: 1.3790, 1.3850, 1.3900, 1.3940

Nearest support levels: 1.3750, 1.3700

The price of GBP/USD increased slightly and continues to consolidate in the corridor 1,6840-1,6900. A signal to sell will be price fixing below 1,6840, with the first goal at 1.6770. In case of continued growth, a signal to buy will be fixation above 1.6900, with the target at 1.70. We expect continued upward movement within the channel and maintain medium and long term positive outlook for the pound.

Nearest resistance levels: 1.6900, 1.7000

Nearest support levels: 1.6840, 1.6770, 1.6700, 1.6600

The price of USD/JPY has broken through the level 102.00 and continued an upward movement. In case of a downward correction, the support level will be at 102.00. We expect the price growth in the near future with the target at 102.70 and keep medium and long term positive outlook.

Nearest resistance levels: 102.70, 103.00, 104.00, 104.70

Nearest support levels: 102.00, 101.400, 101.25

The price of AUD/USD has failed to overcome the level of 0.9380 and continued to consolidate near the mark 0.9350. For continued growth the price needs to gain a foothold above 0.9400. We expect downward price movement with the first target at 0.9320 and save midterm negative outlook for the Australian dollar.

Nearest resistance levels: 0.9380, 0.9400, 0.9450

Nearest support levels: 0.9320, 0.9300, 0.9215, 0.9200, 0.9130

The price of NZD/USD continues to consolidate above the mark 0.8600. After a strong decline there is a possibility of ascending correction to 0.8660. In case of further decline, the signal to sell will be price fixing below 0.8600. In this case, the price may fall to 0.8560. We need new signals to determine the future direction.

Nearest resistance levels: 0.8700, 0.8740

Nearest support levels: 0.8600, 0.8580, 0.8550, 0.8520, 0.8450

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