16.06.2014 - Technical view
The price of EUR/USD has failed to overcome the upper limit of the downward channel and once again achieved the strong support level at 1.3530. For further decline, the price should fix below this mark. In case of a reversal of the trend, a signal to buy will be breaking through the upper boundary of the channel and fixation above 1.3600. We expect further fall of price of euro in the medium term.
Nearest resistance levels: 1.3580, 1.3600, 1.3660, 1.3700, 1.3730, 1.3790
Nearest support levels: 1.3530, 1.3500
The price of GBP/USD after a minor correction, once again is approaching the psychological mark of 1.7000. For continued growth with the target of about 1.7200, the price needs to gain a foothold above 1.7000. Fall is limited by the support at 1.6900. We expect further strengthening of the pound in the medium and long term.
Nearest resistance levels: 1.7000, 1.7200
Nearest support levels: 1.6900, 1.6840, 1.6770, 1.6700, 1.6600
The price of USD/JPY continues to fall within the local downward channel. The potential for further fall is limited and in the near future we will probably see the resumption of growth with the target near the level of 102.70, after breaking of which the quotes can continue to rise to 104.00. Fall is limited by the strong support at 101.40. We are waiting for the resumption of growth in the medium term.
Nearest resistance levels: 102.00, 102.40, 102.70, 103.00, 104.00, 104.70
Nearest support levels: 101.40, 100.90
The price of AUD/USD after a sharp rise last week was unable to gain a foothold above 0.9400 and now is consolidating below this mark. On the price chart of the pair was formed the figure - "head and shoulders", which indicates a trend reversal. Confirmation of a sell signal will be the price fixing below 0.9380. First targets in case of decrease will be the levels 0.9340 and 0.9300. We expect a decline of price in the medium term.
Nearest resistance levels: 0.9400, 0.9450
Nearest support levels: 0.9340, 0.9300, 0.9220, 0.9200, 0.9130
The price of NZD/USD resumed its upward movement after the correction to 0.8650. To continue the upward movement, the price needs to gain a foothold above the level of the local maximum at 0.8690. We expect that the price will not be able to break through this resistance level and will start to decline with targets at 0.8560 and 0.8520. We will need new signals to determine the further movement in the medium term.
Nearest resistance levels: 0.8700, 0.8740
Nearest support levels: 0.8600, 0.8560, 0.8520, 0.8450, 0.8400