01.04.2015 - Technical view

The price of EUR/USD failed to reach the target level of 1.0700 and started to correct upwards. At the moment, quotes are trying to break the inclined resistance line and in case of success will rise to 1.0800 and 1.0900. According to our forecasts, in the near future the price will overcome the support at 1.0700 and will continue to decline with the first target at 1.0500. Our medium-term outlook remains negative and we recommend holding short positions with the target at 1.0000 and stop above 1.1050.

Nearest resistance levels: 1.0800, 1.0900, 1.1000, 1.1100, 1.1280, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.0700, 1.0500, 1.0400, 1.0100

The price of GBP/USD has not reached the level of 1.4700 and started to correct upwards. Further growth is limited by a strong resistance level at 1.5000. Overcoming and fixing the price above this level will be the basis for continued growth to 1.5200 and 1.5350. The resumption of the downward movement and fixing the price below 1.4700 will be the signal for the continuation of falling the price to the level of 1.4500. Our medium-term outlook remains negative, but the downside potential strongly decreased.

Nearest resistance levels: 1.5000, 1.5150, 1.5200, 1.5300, 1.5350, 1.5500, 1.5550

Nearest support levels: 1.4700, 1.4500

The price of USD/JPY resumed falling after some consolidation near the upper limit of the downward channel. In case of continued downward movement, quotations may reach 118.50, but overcoming this level of support is unlikely. We expect continued upward movement in the medium term and recommend holding long positions with a stop below 118.50 and objectives at 124.00 and 125.00. We also maintain a medium-term positive outlook.

Nearest resistance levels: 120.50, 122.00, 125.00

Nearest support levels: 119.50, 118.50, 117.40, 116.00, 115.00, 114.00

The price of AUD/USD reached the target level of 0.7600, but rebounded from it and at the moment is corrected upwards. Within the correction, quotations may grow up to 0.7700. Breaking of the support level at 0.7600 will be the basis for the continuation of the fall with the first target at 0.7500. We maintain our medium-term negative outlook and recommend holding short positions with a stop above 0.7900, but in the near future we can see the continuation of the correction.

Nearest resistance levels: 0.7700, 0.7850, 0.7900, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7600, 0.7500, 0.7200

The price of NZD/USD continues to steadily decline within the descending channel. It is worth noting that the quotes broke through an important support level at 0.7500 and in the near future will likely continue to decline to 0.7400 and 0.7200. The breaking of the upper boundary of the channel and fixing above 0.7500 will become the basis for a trend change and short-term growth with potential of reaching 0.7700. Our short-term outlook is negative and we expect a further drop in prices up to 0.7200.

Nearest resistance levels: 0.7500, 0.7600, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7400, 0.7310, 0.7200, 0.7000

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