26.05.2014 - Technical view
The price of EUR/USD has broken through support at 1.3660 and continued to decline along the upper boundary of the descending channel. In case of resumption of growth, a signal to buy will be fixing price above 1.3730. We expect continued downward movement and maintain the medium-term and long-term negative outlook for the pair.
Nearest resistance levels: 1.3660, 1.3700, 1.3730, 1.3790, 1.3850, 1.3900, 1.3940
Nearest support levels: 1.3600, 1.3560
The price of GBP/USD has corrected downwards and broken through the strong support level at 1.6840. If the price fixates below this level, the fall of price will continue with the target at 1.6770. For the resumption of growth, the price needs to gain a foothold above 1.6840. In such case, the quotes can reach the levels 1.6900 and 1.7000. We keep medium and long term positive outlook for the pound.
Nearest resistance levels: 1.6840, 1.6900, 1.7000
Nearest support levels: 1.6770, 1.6700, 1.6600
The price of USD/JPY has broken through the upper limit of the downward channel and reached the strong level of 102.00, but could not overcome it. Within correction the price may fall to the upper boundary of the channel and the level of 101.80. In case of further growth, a signal to buy will be price fixing above 102.00. We maintain medium and long term positive outlook.
Nearest resistance levels: 102.00, 102.40, 102.70, 103.00, 104.00, 104.70
Nearest support levels: 101.40, 100.90
The price of AUD/USD continues to consolidate above the strong support level at 0.9220. To continue the downward movement, the price needs to fix below 0.9200. In case of resumption of growth, the price may reach 0.9300. We maintain a medium-term negative outlook for the Australian dollar.
Nearest resistance levels: 0.9300, 0.9320, 0.9340, 0.9400, 0.9450
Nearest support levels: 0.9220, 0.9200, 0.9130
The price of NZD/USD continued its decline within the local downward channel. Now the price is trading near the upper boundary of the channel and is likely to continue a downward movement. Growth is limited by the resistance levels at 0.8560 and 0.8600. We maintain a medium-term negative outlook for the New Zealand dollar.
Nearest resistance levels: 0.8600, 0.8700, 0.8740
Nearest support levels: 0.8540, 0.8520, 0.8450