14.05.2014 - Technical view
The price of EUR/USD broke through the support 1.3750 and reached 1.3700. Now the price has rebounded from this level. In order to reduce further the price needs to fix below 1.3700. We expect an upward correction. In such case, the price may reach the nearest resistance at 1.3750. We maintain our medium and long-term negative outlook for the pair.
Nearest resistance levels: 1.3750, 1.3790, 1.3850, 1.3900, 1.3940
Nearest support levels: 1.3700, 1.3660, 1.3560
The price of GBP/USD has reached the strong support at 1.6840 and the lower limit of the upward channel. We expect ascending correction with the target at 1.6900. In case of continued growth, a signal to buy will be fixation above 1.6900, with the target at 1.70. At further decrease, a signal to sell will be price fixing below 1.6770. We keep 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 continues to consolidate in the corridor 102,00-102,40. We expect growth of price 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 resumed its upward movement and approached the resistance at 0.9400. For continued growth the price needs to gain a foothold above 0.9400. In the case of a fall - the price may reach 0.9340 and 0.9300. We maintain a medium-term negative outlook for the Australian dollar.
Nearest resistance levels: 0.9400, 0.9450
Nearest support levels: 0.9340, 0.9320, 0.9300, 0.9215, 0.9200, 0.9130
The price of NZD/USD is consolidating in the corridor 0,8600-0,8660. Growth is limited by the resistance at around 0.8700. In case of reduction, a signal to sell will be price fixing below 0.8600, after which 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