21.05.2014 - Technical view

The price of EUR/USD continues to consolidate near the strong level of 1.3700. In case of further decline, the signal to sell will be price fixing below 1,3700. Within upward correction the price may rise to 1.3750. We expect continued downward movement and keep the medium-term and long-term negative outlook for the euro.

Nearest resistance levels: 1.3750, 1.3790, 1.3850

Nearest support levels: 1.3650, 1.3600, 1.3560

The price of GBP/USD continues to consolidate below the strong level of 1.6840. In case of further growth, a signal to buy will be price fixing above 1,6840. The closest objectives are the levels 1.6900 and 1.6990. In case of correction, quotations may fall to 1.6800, after breaking of which decline may continue. We keep medium and long term positive outlook for the British pound.

Nearest resistance levels: 1.6840, 1.6900, 1.6990

Nearest support levels: 1.6800, 1.6750

The price of USD/JPY continued to decline within the local downward channel and broke the strong resistance level of 101.40 and reached the mark of 100.90. In case of further fall, the price can reach 100.00. We expect the upward correction with the target at 101.40 and save the medium and long positive outlook.

Nearest resistance levels: 101.40, 102.00, 102.70

Nearest support levels: 100.90, 100.40, 100.00

The price of AUD/USD continued to decline and reached a local minimum at 0.9220. To reduce further, the price needs to fix below this level. We expect an upward correction with the first target at 0.9260, but keep medium-term negative outlook.

Nearest resistance levels: 0.9300, 0.9320, 0.9360, 0.9400

Nearest support levels: 0.9220, 0.9200

The price of NZD/USD has broken through the bottom of the triangle and now is trying to consolidate below 0.8560. In case of further reduction the price may reach 0.8520 and 0.8450. Within the correction, the price may rise to 0.8600. We recommend holding short positions and keep a medium-term negative outlook for the New Zealand dollar.

Nearest resistance levels: 0.8600, 0.8630, 0.8700

Nearest support levels: 0.8520, 08450

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