18.06.2014 - Technical view

The price of EUR/USD decreased to the boundary of the corridor 1,3530-1,3590, but could not overcome it. Also, the price returned to the descending channel and may continue the downward movement within its borders. A signal to sell will be price fixing below 1.3500. We expect further decline with the target at 1.3400.

Nearest resistance levels: 1.3590, 1.3600, 1.3660, 1.3700, 1.3730, 1.3790

Nearest support levels: 1.3530, 1.3500

The price of GBP/USD retreated downwards and will likely continue to consolidate around 1,6950-1,7000. To determine further movement, the price should go beyond the corridor. Increase in volatility is expected tonight. Within the correction, the price may fall to 1.6900, but we maintain a positive outlook for the medium-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 has broken through the upper border of the local descending channel and a strong level of 102.00. As a result, now the price is consolidating near the level of 102.20, after overcoming of which will probably reach 102.70. In the nearest time the quotes can be rolled back to 102.00, but we expect price growth in the medium term.

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

Nearest support levels: 102.00, 101.40, 100.90

The price of AUD/USD after a sharp decline, slowed the movement near the level of 0.9340. After a minor consolidation the price will probably continue to move towards 0.9300 and 0.9220. We recommend holding short positions up to achieving the objectives. A slight correction is possible to 0.9360. We expect that the price will continue to fall in the medium term.

Nearest resistance levels: 0.9340, 0.9380, 0.9400, 0.9450

Nearest support levels: 0.9300, 0.9220, 0.9200, 0.9130

The price of NZD/USD continued to move within a narrow side corridor 0,8640-0,8690. Further growth is limited by local psychological mark of 0.8700. In this regard, after the consolidation, we expect that the price will resume its decline with the target at 0.8660 and will close the gap. We expect a decrease in price in the medium term.

Nearest resistance levels: 0.8700, 0.8740

Nearest support levels: 0.8650, 0.8600, 0.8560, 0.8520, 0.8450, 0.8400

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