05.01.2015 - Technical view

The price of EUR/USD continued to decline after reaching the target level of 1.2000, which is psychologically important mark. At the moment, quotations may be adjusted upwards to the level of 1.2000. In case of further decline, the target levels will be 1.1800 and 1.1500. We recommend holding short positions with a stop above 1.2250 and maintain a medium-term negative outlook.

Nearest resistance levels: 1.2000, 1.2165, 1.2250, 1.2360, 1.2500, 1.2560, 1.2600, 1.2700

Nearest support levels: 1.1860, 1.1800, 1.1500

The price of GBP/USD after a prolonged consolidation above 1.5500, broke through this mark, which was the confirmation of the signal to open short positions with the target at 1.5000 and the stop above 1.5600. At the moment, there is a high probability of upward correction with the potential increase to 1.5500. We recommend holding short positions and forecast a drop to 1.5000 in the near future.

Nearest resistance levels: 1.5300, 1.5500, 1.5750, 1.5800, 1.5960, 1.6000, 1.6200, 1.6300

Nearest support levels: 1.5200, 1.5000

The price of USD/JPY could not overcome the level of the local maximum near 120.75 and continues to consolidate below this mark. In case of overcoming this level we expect reaching the level of 122.00. In case of correction, quotations may reach the level of 119.00. We maintain our positive outlook for the medium-term and recommend holding long positions with a stop below 119.00.

Nearest resistance levels: 120.75, 122.00, 125.00

Nearest support levels: 120.00, 117.40, 115.00, 114.00, 113.00, 112.00, 110.00

The price of AUD/USD broke through the local minimum 0.8085 and continues to decline after it has started to decrease after failing to overcome the 0.8200 level. The next upside target level is 0.8000. We forecast a drop in prices in the near future and in the medium term and recommend holding short positions with a stop above 0.8360.

Nearest resistance levels: 0.8200, 0.8360, 0.8550, 0.8700, 0.8800, 0.8900, 0.9000

Nearest support levels: 0.8000, 0.7600, 0.7500

The price of NZD/USD continued a sharp decline and reached a local minimum at 0.7620. At the moment, there is a possibility of an upward price rebound and prices correction with upside potential to 0.7700. Despite this, our medium-term outlook remains negative and we recommend holding short positions with a target level at 0.7500.

Nearest resistance levels: 0.7660, 0.7700, 0.7800, 0.7825, 0.7900, 0.8000, 0.8050, 0.8270

Nearest support levels: 0.7500, 0.7300

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