13.06.2014 - Technical view

The price of EUR/USD continues to rise gradually in the descending channel after it failed to overcome the support level at 1.3530. To continue the upward movement the quotes need to overcome and gain a foothold above the upper limit of the downward channel. A signal to sell will be price fixing below 1.3500. We expect the resumption of the downward movement with a target near 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 has overcome and fixed above the level of 1.6810, after which the quotes of the pair began to grow rapidly and have overcome resistance at 1.6900. Within further growth, the price can rise to levels near 1.7000. We anticipate continued growth, but we expect a correctional movement after reaching levels near 1.7000.

Nearest resistance levels: 1.7000

Nearest support levels: 1.6900, 1.6810, 1.6770, 1.6700, 1.6560

The price of USD/JPY dropped to support at 101.60, but bounced upwards and now is approaching to a strong level 102.00. For continued growth prices will need to overcome this level and gain a foothold above it. We anticipate continued growth and maintain a medium-term positive outlook.

Nearest resistance levels: 102.00, 102.70, 103.00, 104.00, 104.70

Nearest support levels: 101.40, 100.90

The price of AUD/USD continued to rise and is now trying to gain a foothold above 0.9400. The signal indicating a change of local uptrend to negative will be the price decline below 0.9340. Further growth is limited by the local maximum at 0.9450, after reaching of which we are expecting another decline to 0.9220. Medium-term outlook remains negative.

Nearest resistance levels: 0.9450

Nearest support levels: 0.9400, 0.9340, 0.9300, 0.9220, 0.9200, 0.9100

The price of NZD/USD continued rapid growth and reached a strong level of 0.8700. Now traders are fixing positions and we can see a decrease in quotations within the correction to 0.8650 and 0.8600. We expect the price lowering in the coming days.

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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