23.06.2014 - Technical view
The price of EUR/USD within the correction dropped to 1.3565 and then resumed growth and now is consolidating around the level of 1.3600. We need new signals to determine future price movements. Growth is limited by the level of 1.3665. The signal to buy will be the price fixing higher than 1.3530. 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 corrected downwards and fixed above the level of 1.7000, which is a signal for opening long positions. Confirmation of the signal will be overcoming the level of the nearest local maximum at 1.7060. We expect the price growth inside the rising channel in the medium term.
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 continued the downward movement within the local downward channel after an unsuccessful attempt of breaking through the upper boundary of the local downward channel. At the moment, the price continues to fall within the channel and can reach its lower boundary. In case of resumption of growth, a signal to buy will be fixing the price higher than 102.30. Despite the possibility of lowering prices in the near future, we expect renewed growth and 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
The price of AUD/USD has reached a strong resistance level around the nearest local maximum and may continue to grow in case of fixing above 0.9440. Within the correction, the price may drop to a sloping support line and the nearest low around 0.9380. The growth of price of the Australian dollar may continue in the near future, but probably will resume a decline in the medium term.
Nearest resistance levels: 0.9500, 0.9600
Nearest support levels: 0.9380, 0.9340, 0.9300, 0.9220, 0.9200, 0.9100
The price of NZD/USD has broken through the slanted line, but could not overcome the support level at 0.8690. Bulls look pretty weak and confirmation of the signal to sell will be price fixing below the level of 0.8690. Growth is limited by the local maximum at 0.8740. We expect a decrease in price of the New Zealand dollar in the medium term.
Nearest resistance levels: 0.8740, 0.8780
Nearest support levels: 0.8700, 0.8690, 0.8600, 0.8560, 0.8480