30.06.2014 - Technical view

The price of EUR/USD continued to rise and now is trying to break through the level of 1.3650. For continued growth, the price needs to fix above the nearest local maximum of about 1.3665. Fall is confined by the boundaries of the rising channel. In the case of reduction, a signal to sell will be fixing the price below 1.3590. We expect the reversal of the local upward trend and expect the decline of price in the medium term.

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 against decrease in volatility of the pair continues to consolidate around the strong level of 1.7030. To continue the upward trend, the price needs to fix above the nearest high around 1.7060. In case of correction, the price may fall to 1.6950. We maintain our positive outlook for the British pound in the medium-term.

Nearest resistance levels: 1.7060, 1.7100, 1.7200

Nearest support levels: 1.7000, 1.6950, 1.6900, 1.6810, 1.6770, 1.6700, 1.6560

The price of USD/JPY within the reduction broke the strong support level at 101.40 and reached the lower limit of the downward channel. In case of further decline within the channel, the price is likely to fall to 100.90. In case of an upward correction, quotes will reach the levels of 101.60 and 101.80. Falling of price in the near future may continue, but we expect the resumption of growth of price in the medium term.

Nearest resistance levels: 101.40, 101.80, 102.20, 102.70, 103.00, 104.00, 104.70

Nearest support levels: 100.90, 100.00

The price of AUD/USD has failed to break through the strong resistance level at 0.9440 and retreated down. Now the price is consolidating around the mark 0.9420. The signals to buy will be fixing the price above the upper boundary of the triangle 0.9440. A signal to sell will be fixing the price below the local minimum at 0.9360. We maintain a medium-term negative outlook for the Australian dollar.

Nearest resistance levels: 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9360, 0.9300, 0.9220, 0.9200, 0.9100

The price of NZD/USD continues to consolidate above 0.8750. Further growth is possible to the upper limit of the upward channel, but the price is likely to break through the level of 0.8750 and will change the trend due the lack of strength of bulls. We expect a decline of price in the medium term with the closest targets 0.8690 and 0.8660.

Nearest resistance levels: 0.8780, 0.8800

Nearest support levels: 0.8690, 0.8600, 0.8560, 0.8480

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