24.06.2014 - Technical view

The price of EUR/USD is consolidating around the strong level of 1.3600. The price growth is limited by the inclined support line and the nearest local maximum of about 1.3640, in case of breaking through which, the price will reach 1.3665. In case of decrease the price may reach 1.3530. We expect that in the near future the price will continue to consolidate between slanted resistance line and support at 1.3530. In the medium term price reduction is likely to continue.

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 decreased slightly to 1.7000 and continued to move along the lower border of the local rising channel. In the near future, the price may continue its upward movement within the channel. For the beginning of reduction, the price needs to break the boundary of the channel and a strong level of 1.7000. We maintain a positive medium-term outlook for the pound.

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 is moving above 101.80 and the amplitude of price fluctuations has declined steadily. Fall is limited by the lower boundary of the channel and the level of 101.40. For renewed growth, the price needs to exit the channel and to gain a foothold above 102.20. We expect renewed price 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 corrected downwards after the strong growth yesterday. For continued growth, the price needs to gain a foothold above the strong level of 0.9940. In case of decrease the price will reach the support at 0.9380 in case of breaking through which we recommend to open short positions. We expect the resumption of the downward movement and maintain a medium-term negative outlook.

Nearest resistance levels: 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9380, 0.9340, 0.9300, 0.9220, 0.9200, 0.9100

The price of NZD/USD after breaking the inclined support line continues to move within the local ascending corridor. Growth is limited by the resistance at 0.8740. In case of reduction, a signal to sell will be price fixing below 0.8690. Potential for further growth is limited and the price is likely to decline in the medium term.

Nearest resistance levels: 0.8740, 0.8780

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

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