23.05.2014 - Technical view
The price of EUR/USD has broken through the support level at 1.3650 and continued to decline along the top border of the local descending channel. In case of upward correction, the price may rise to 1.3700. We look forward to continuing downward movement and keep the medium-term and long-term negative outlook for the euro.
Nearest resistance levels: 1.3700, 1.3750, 1.3790, 1.3850, 1.3900, 1.3955, 1.4000
Nearest support levels: 1.3650, 1.3600, 1.3540
The price of GBP/USD after decline within the corridor 1,6840-1,6900, continues to consolidate above 1.6850. In addition, the price has reached a sloping support line. In case of resumption of growth, the closest target will be the level of 1.6900. Fall is limited by support at 1.6840. We maintain a long-term positive outlook.
Nearest resistance levels: 1.6900, 1.7000
Nearest support levels: 1.6840, 1.6770, 1.6700, 1.6560
The price of USD/JPY has overcome the resistance level at 101.40 and continued the upward movement. Now the price has reached the upper limit of the downward channel. For continued growth, the price needs to break the boundary of the channel and gain a foothold above 102.00. We expect the price correction in the near future, and keep medium and long positive outlook for the pair.
Nearest resistance levels: 102.00, 102.70, 103.00, 104.00, 104.70
Nearest support levels: 101.40, 100.90
The price of AUD/USD rebounded from the support level at 0.9320, but the potential for further growth remains weak. In case of further decline, a signal to sell will be fixing the price below the nearest local minimum near 0.9220. We maintain a medium-term negative outlook for the Australian dollar.
Nearest resistance levels: 0.9260, 0.9300, 0.9460
Nearest support levels: 0.9220, 0.9200, 0.9100
The price of NZD/USD continues to consolidate near the strong level 0.8650 and moves along the upper border of the local downstream channel. For the continuation of descending movement, the price needs to fix below 0.8520. Growth is limited by the resistance at 0.8600. We expect further reduction of price and keep a medium-term and long-term negative outlook.
Nearest resistance levels: 0.8600, 0.8690, 0.8700, 0.8740, 0.8780
Nearest support levels: 0.8520, 0.8450, 0.8420