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15.05.2014 - Technical view

The price of EUR/USD continues to consolidate above the strong level of 1.3700. 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 broken through the support level of 1.6840, lower boundary of the rising channel and reached the strong level at 1.6770. We expect an upward correction with target at 1.6840. In case of further decrease, a signal to sell will be price fixing below 1.6770. We expect the upward rebound of price and maintain a long-term positive outlook for the pound.

Nearest resistance levels: 1.6840, 1.6900, 1.7000

Nearest support levels: 1.6770, 1.6700, 1.6600

The price of USD/JPY broke the lower boundary of the local upward channel and support level at 102.00 and is consolidating below this mark. With continued decline, the price may fall to 101.40. In case of growth, a signal to buy will be price fixing above 102.40. We keep medium and long term positive outlook.

Nearest resistance levels: 102.00, 102.40, 102.70, 103.00, 104.00, 104.70

Nearest support levels: 101.40, 101.25

The price of AUD/USD has failed to gain a foothold above the level 0.9400 and began to decline sharply. At the further fall, the price may reach 0.9340 and 0.9320. We expect that in the near future, the price will continue to consolidate in the corridor 0,9320-0,9400 and 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 continued its gradual growth and is approaching the level 0.8690. After reaching this level, we expect a decrease in quotations within the corridor 0,8600-0,8690. A signal to open positions will be price fixing beyond the corridor. 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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