02.04.2015 - ​Technical view

The price of EUR/USD continues to fall within the local descending channel. The price tried to break through it, and the upper limit of the level of 1.0800. According to our forecasts, the more likely is a continuation of the downward movement and breaking through the support level at 1.0700, after which will continue the fall to 1.0500. Growth is limited by the level of 1.1000. Our medium-term outlook remains negative and we recommend holding short positions.

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 corrected upwards to the upper boundary of the local descending channel and in case of breaking through it can reach the resistance at 1.5000. According to our forecasts, in the near future quotes will reach $ 1.4700. In the case of overcoming the level 1.4700, falling to 1.4500 will continue. We predict a decrease in quotations in the near future and medium term and recommend holding short positions.

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 failed to gain a foothold above the mark of 120.00 and returned to a strong support level at 119.50. In the near future there is a high probability of a rebound of quotations upward with upside potential to 121.00 and 122.00. Further fall is limited by the support at 118.50. We maintain our positive outlook for the medium-term and recommend holding long positions with a stop below 118.50.

Nearest resistance levels: 120.50, 121.00, 122.00, 125.00

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

The price of AUD/USD after some consolidation near the level of 0.7600, will continue to fall within the local descending channel. Fixation below 0.7600 will be the basis for the continuation of the downward movement to the target level of 0.7500. The breaking of the upper boundary of the channel will be the basis for the growth of quotations to 0.7700. We recommend holding short positions and maintain a medium-term negative outlook with the targets at 0.7500 and 0.7200.

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 after reaching the mark of 0.7400, rebounded upwards and at the moment is trying to overcome the upper limit of the channel. In the case of breaking through the level 0.7500, growth may continue to 0.7700. More likely according to our forecasts is the continuation of the downward movement to 0.7400, after which quotations may fall to 0.7200. Our short-term outlook is negative.

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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