26.06.2014 - Technical view
The price of EUR/USD continued growth, broke the inclined resistance line and tries to gain a foothold above it. In case of absence power for further growth, the price may fall to a sloping support line. The signals to buy will be fixing the price above 1.3665. We expect that the decline of the euro will resume soon. In this case, the targets will be the levels of 1.3590 and 1.3530.
Nearest resistance levels: 1.3665, 1.3700, 1.3730, 1.3790
Nearest support levels: 1.3590, 1.3530, 1.3500
The price of GBP/USD tried to regain previously lost positions and to overcome the level of 1.7000. After the failure and rollback down the price resumed growth and reached the upper limit of the local correction channel. At the moment there is a high probability of continuing movement with the target of reducing near 1.6950. Despite this, we expect the resumption of growth in the coming weeks and maintain a medium-term positive outlook.
Nearest resistance levels: 1.7000, 1.7200
Nearest support levels: 1.6950, 1.6900, 1.6840, 1.6770, 1.6700, 1.6600
The price of USD/JPY fell to a strong level of 101.60 and continues to consolidate above it. Further reduction is limited by the support at 101.40 and the bottom of the channel. In case of growth, the confirmation of a trend change and a signal to buy will be fixing the price above 102.20. We predict a change of direction of the price movement in the medium term and keep a positive outlook.
Nearest resistance levels: 102.20, 102.70, 103.00, 104.00, 104.70
Nearest support levels: 101.60, 101.40, 100.90
The price of AUD/USD continued moving inside the figure - triangle, after going beyond which we expect a strong price movement. The signal to buy will be fixation above the level of 0.9440. We expect a decline of price of the Australian dollar in the medium term and recommend opening short positions after fixing the price below the level of the nearest local minimum at 0.9360.
Nearest resistance levels: 0.9440, 0.9500
Nearest support levels: 0.9360, 0.9320, 0.9300, 0.9220, 0.9200, 0.9130
The price of NZD/USD resumed its growth despite our expectations, and returned to the local rising channel. Besides the price broke the nearest local maximum and probably will continue to rise to the level of 0.8800. The correction is possible to 0.8685. Upside potential is limited and in the near future the price will likely continue to consolidate near the current levels.
Nearest resistance levels: 0.8800
Nearest support levels: 0.8740, 0.8650, 0.8600, 0.8560, 0.8520