03.03.2015 - Technical view

The price of EUR/USD after a minor correction to the level of 1.1250, continued to fall and is currently consolidating along the bottom of the downward channel. The growth of price within the correction is limited by the level of 1.1280 and the upper boundary of the channel. We recommend holding short positions with a stop above 1.1500 and closest targets at 1.1100 and 1.1000. Our medium-term outlook is negative.

Nearest resistance levels: 1.1280, 1.1450, 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 continued to decline, and after breaking through the lower boundary of the rising channel, reached the level of 1.5350, but rebounded from it. For the continuation of the downward movement, quotations need to overcome the support level at 1.5350. In this case, quotations may drop to 1.5200 and 1.5000. We expect growth of quotations in the near future within which the price can rise to a local maximum at 1.5550.

Nearest resistance levels: 1.5500, 1.5550, 1.5750, 1.5800

Nearest support levels: 1.5350, 1.5300, 1.5200, 1.5050, 1.5000

The price of USD/JPY corrected after the strong growth and approached the level of 119.50. In case of continued downward movement, quotations may drop to the bottom of the channel at the level of 118.50. We expect the resumption of the price growth in the near future and recommend holding long positions. Our medium-term outlook remains positive.

Nearest resistance levels: 120.00, 120.50, 122.00, 125.00

Nearest support levels: 119.50, 118.50, 117.40, 116.00, 115.00, 114.00, 113.00

January 22, 2015 of USD-JPY Performance

The price of AUD/USD after reaching the level of 0.7750 rebounded upwards and now approached the level of 0.7840. The breaking of this level will be the basis for further growth of the price to 0.7900. We expect a downward price movement in the near future with the potential reduction to 0.7740, 0.7660 and 0.7600. We maintain our medium-term negative outlook, but do not exclude the possibility of rising to 0.8000.

Nearest resistance levels: 0.7840, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7740, 0.7660, 0.7600, 0.7500

The price of NZD/USD gradually decreased to the critical level 0.7500 and the lower boundary of the rising channel. At the moment there is a high probability of the upward price rebound, with the potential of reaching the level 0.7600, after which growth can continue up to 0.7700. The signal of changing the current positive trend to negative, will be breaking through the bottom of the channel and consolidation below the local minimum at 0.7440. We expect the price growth in the near future.

Nearest resistance levels: 0.7570, 0.7620, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7500, 0.7440, 0.7340, 0.7200, 0.7000

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