20.06.2014 - Technical view

The price of EUR/USD after yesterday's growth slid down to the sloping support line and failed to break it. The price will likely continue the upward movement with the objectives at 1.3640 and 1.3665. To determine further progress will be needed new signals. We maintain a medium-term negative outlook for the euro.

Nearest resistance levels: 1.3665, 1.3700, 1.3750, 1.3790

Nearest support levels: 1.3590, 1.3530, 1.3500, 1.3400

The price of GBP/USD has broken through the strong resistance level 1.7000 and continued the growth. Upward movement of prices will likely continue in the medium term. Within the correction, the price may drop to 1.7000. We maintain our positive outlook for the medium-term and recommend holding long positions with a stop below 1.7000.

Nearest resistance levels: 1.7100, 1.7200

Nearest support levels: 1.7000, 1.6900, 1.6810, 1.6770, 1.6700, 1.6560

The price of USD/JPY has failed to overcome the strong resistance level at 102.00. It should be noted that the decline is limited by the levels of support at 101.60 and 101.40. To resume the upward movement the price needs to break the upper boundary of the local descending channel and gain a foothold above 102.30. Falling of price may continue, but we maintain a positive outlook for the medium-term.

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

Nearest support levels: 101.60, 101.40, 100.90

USD and JPY Index Graph in February

The price of AUD/USD decreased slightly after yesterday's rapid growth and now is consolidating around the level of 0.9400. To continue the upward movement the price needs to gain a foothold above 0.9440. We recommend opening short positions after the price fixing below 0.9380 and maintain a medium-term negative outlook

Nearest resistance levels: 0.9440

Nearest support levels: 0.9340, 0.9300, 0.9220, 0.9200, 0.9100

The price of NZD/USD is consolidating after yesterday's growth and approached the sloping support line. The price may rebound from this line and continue to grow. We expect that in the coming days, the price will break through this line and resume fall with the targets 0.8600 and 0.8560. Despite the possible short-term growth, we save medium-term negative outlook for the New Zealand dollar.

Nearest resistance levels: 0.8740, 0.8780

Nearest support levels: 0.8700, 0.8690, 0.8600, 0.8560, 0.8480

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