04.03.2015 - Technical view
The price of EUR/USD continues to decrease gradually along the bottom of the descending channel and approached the level of support at 1.1150. In case of rebound of the price upwards, we can see an increase to 1.1280 and the upper limit of the downward channel. According to our forecasts, the price will continue to fall in the near future and we recommend holding short positions with a stop above 1.1500. Our medium-term outlook also remains 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 after breaking through the lower boundary of the rising channel, continues to move near the level of 1.5350. Fixing the price below this mark will be a signal to sell with the targets at 1.5200 and 1.5000. In case of resumption of growth, we expect reaching the level of 1.5550. We expect growth of quotations of in the near future and recommend holding long positions with a stop below 1.5350.
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 failed to gain a foothold beyond the local rising channel and returned to the level of support at 119.50. Fixing the price above this level will be the basis for continued growth to 120.00 and 120.50. Fall is limited by the lower boundary of the rising channel. We maintain our positive outlook for the medium-term and recommend holding long positions with a stop below 118.50.
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
The price of AUD/USD could not break through the strong support level at 0.7740 and returned to the level 0.7840 below which continues to consolidate at the moment. In case of overcoming this level, quotations may continue to rise to 0.7900 and 0.8000. Overcoming a local minimum at 0.7740, will be the basis for the continuation of the downward movement. We recommend holding short positions with a stop above 0.8000 and maintain a medium-term negative outlook.
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 could not overcome the strong resistance level at 0.7570 and gradually decreases. At the moment, quotes are consolidating within the triangle and after going beyond its limits, we expect a strong price movement. Sell signal will be fixing the price below 0.7500, and to buy - fixing quotes above 0.7600. We recommend to wait for a confirmation of the signal for opening positions, but expect 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