27.06.2014 - Technical view
The price of EUR/USD corrected downwards after it failed to continue to grow after reaching the upper limit of the local rising channel. At present time, the price has resumed an upward movement and will probably continue to increase within the channel and will hit the target level at 1.3665. We expect growth of the price today, but keep medium-term negative outlook for the euro.
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 continues to grow after leaving the local correction channel and return to the level above 1.7000. We expect that the price will reach 1.7060, but for the continuation of the upward movement, the price needs to gain a foothold above this mark. In case of decline, the price may fall to 1.6950. We maintain a positive medium-term outlook for the pound.
Nearest resistance levels: 1.7060, 1.7100, 1.7200
Nearest support levels: 1.7000, 1.6950, 1.6900, 1.6840, 1.6770, 1.6700
The price of USD/JPY accelerated the decline and reached the lower limit of the downward channel. In addition, the price broke the local level low around 101.40. During the subsequent fall, the price will reach the support at 100.90. We anticipate stopping the downward price movement in the near future and an upward correction with the first targets at 101.60 and 102.00.
Nearest resistance levels: 101.60, 102.00, 102.20, 102.70, 103.00, 104.00, 104.70
Nearest support levels: 100.90, 100.00
The price of AUD/USD within the growth approached the upper boundary of the triangle at 0.9440. Breaking through and fixing the price above this level will be a signal for opening long positions. At the same time, the price may start to decline to the lower edge of the triangle. We anticipate rollback of price and maintain a medium-term negative outlook for the Australian dollar.
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 rose to maximum levels since 2011 and is now consolidating around the level of 0.8780. The probability of continuation of growth inside the rising channel is very low and we expect the reduction of price of the New Zealand dollar within the local rising channel. In such case, the first target level will be 0.8740.
Nearest resistance levels: 0.8800
Nearest support levels: 0.8740, 0.8650, 0.8600, 0.8560, 0.8520