02.02.2015 - Technical view

The price of EUR/USD keeps consolidating near the levels 1.1300 and moves near the upper boundary of the downward channel. In case of breaking and fixing the price above the level of 1.1400, quotes can be corrected to the levels 1.1500 and 1.1620. According to our forecasts, the price will continue to fall with the first targets at 1.1100 and 1.1000. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 0.1620.

Nearest resistance levels: 1.1400, 1.1500, 1.1620, 1.1750, 1.1800, 1.1860, 1.2000

Nearest support levels: 1.1100, 1.1000, 1.0800, 1.0500

The price of GBP/USD reached the level of 1.5000, but was unable to continue the downward movement and currently is consolidating above 1.5050. In case of continued upward movement, the price will continue to rise to the level of 1.5200. Fall is limited by the level of a local minimum near 1.4970. We maintain our medium-term negative outlook.

Nearest resistance levels: 1.5200, 1.5260, 1.5500, 1.5750, 1.5800

Nearest support levels: 1.5050, 1.5000, 1.4700, 1.4500

The price of USD/JPY broke through the strong support level at 117.40, above which was consolidated for a long time, but could not fix below this level and returned within the corridor 117,40-119,00. The growth in the near future is limited by an inclined line of resistance. We recommend to wait for the price fixing beyond the corridor 117,40-119,00 to open new positions.

Nearest resistance levels: 119.00, 120.00, 120.75, 122.00, 125.00

Nearest support levels: 117.40, 116.00, 115.00, 114.00, 113.00, 112.00, 110.00

The price of AUD/USD keeps consolidating below the level of 0.7800 and moves within the descending channel. In case of breaking this mark, quotations may grow up to resistance level at 0.7860 and the upper boundary of the downward channel. According to our forecasts a drop in prices will continue in the near future to the level of 0.7500. The medium-term negative outlook remains unchanged.

Nearest resistance levels: 0.7800, 0.7860, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7600, 0.7500

The price of NZD/USD slowed the fall, but continues to decline gradually. In case of correction and breaking through the level 0.7300, we expect price growth to the level of 0.7400. Falling the price will continue in the near future, according to our estimates. Increase in volatility is expected tomorrow. The target level in the medium term remains 0.7000 and we recommend holding short positions with a stop above 0.7500.

Nearest resistance levels: 0.7300, 0.7400, 0.7500, 0.7620, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7250, 0.7000

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