29.05.2014 - ​Technical view

The price of EUR/USD has broken the support level and now is trying to gain a foothold below it. In case of success and continuation of a downward movement, we recommend opening short positions with the first target at 1.3540. Growth is limited by the resistance level at 1.3650. We expect continued the downward movement and maintain the medium-term and long-term negative outlook for the euro.

Nearest resistance levels: 1.3650, 1.3700, 1.3750, 1.3790, 1.3850, 1.3900, 1.3955, 1.4000

Nearest support levels: 1.3590, 1.3540

The price of GBP/USD dropped sharply, broke the support level at 1.6770 and reached the strong mark of1.6700. At the moment, the price is corrected upwards and we expect further upward movement with the first target at 1.6770. In the medium term, downward movement may continue but we maintain a long-term positive outlook.

Nearest resistance levels: 1.6770, 1.6840, 1.6900, 1.7000

Nearest support levels: 1.6700, 1.6560

The price of USD/JPY slightly reduced and within the decline can reach the level of support at 101.40.For continued growth, the price needs to gain a foothold above this mark. In such case the targets will be the levels of 102.70 and 104.00. We maintain our medium and long-term positive outlook for the pair.

Nearest resistance levels: 102.00, 102.70, 103.00, 104.00, 104.70

Nearest support levels: 101.40, 100.90

The price of AUD/USD rebounded from the support at 0.9220, but continues to consolidate in the corridor 0,9220-0,9280. Growth is limited by the resistance levels at 0.9300 and 0.9320. In the case of decrease, a signal to sell will be fixing the price below the nearest local minimum of about 0.9220. We maintain a medium-term negative outlook for the Australian dollar.

Nearest resistance levels: 0.9280, 0.9300, 0.9460

Nearest support levels: 0.9220, 0.9200, 0.9100

The price of NZD/USD continued downward movement has broken the support level at 0.8520 and now is consolidating near the mark 0.8480. Within the correction, the price may rise to 0,8520-0,8530. We expect further reduction price and maintain a medium-term and long-term negative outlook.

Nearest resistance levels: 0.8520, 0.8600, 0.8690, 0.8700, 0.8740, 0.8780

Nearest support levels: 0.8450, 0.8420

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