19.05.2014 - Technical view

The price of EUR/USD continues to consolidate near the strong level of 1.3700. In order to reduce further the price needs to fix below 1.3700. In case of growth, 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 after the upward movement within the correction has reached a strong resistance level at 1.6840. The signals to buy will be price fixing above the level of 1.6840. In such case, the price may rise to 1.6900 and 1.7000. In case of decrease, a signal to sell will be price fixing below 1.6770. We 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 continues to consolidate above the strong support at 101.40. For further decline, quotations must to fix under the level of 101.40. In case of growth, a signal to buy will be breaking through the inclined resistance line and fixing the price above 102.00. 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 increased slightly and keeps consolidating around 0.9360. In case of 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 rebounded from the lower limit of the corridor 0,8600-0,8700 and continues to move towards the upper boundary of the channel. 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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