20.05.2014 - Technical view
The price of EUR/USD continues to consolidate in the corridor 1,3700-1,3730. In order to reduce further to objectives at 1.3650 and 1.3500, 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 has failed to overcome the strong resistance level at 1.6840 and the lower boundary of the rising channel and continues to consolidate within the corridor 1,6800-1,6840.The signal 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 has broken through the strong support level at 101.40, but failed to gain a foothold below and returned to previous levels. The pair is currently trading near the upper limit of the local downward channel. 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 has broken through the support levels at 0.9320 and 0.9300. For the continuation of falling with targets at 0.9240 and 0.9220, the price needs to fix below the level of 0.9300. In case of an upward correction, the price may rise to 0.9320. We expect further reduction and maintain a medium-term negative outlook for the Australian dollar.
Nearest resistance levels: 0.9300, 0.9320, 0.9340, 0.9400, 0.9450
Nearest support levels: 0.9220, 0.9200, 0.9130
The price of NZD/USD continued to decline within the corridor 0,8600-0,8700. We expect that the price will soon reach the level of 0.8600 and rebound upwards to inclined resistance level. A signal to open the position will be price fixing beyond the triangle. We need new signals to determine the future price direction.
Nearest resistance levels: 0.8700, 0.8740
Nearest support levels: 0.8600, 0.8580, 0.8550, 0.8520, 0.8450