05.02.2015 - Technical view
The price of EUR/USD started to correct down after failing to fix above the level of 1.1500. At the moment, quotes reached the upper limit of the downward channel and the support level at 1.1280. In case of overcoming these levels, is expected the continuation of reduction the price to 1.1100 and 1.1000. Growth is still limited by the resistance at 1.1500, we keep the medium-term negative outlook and recommend holding short positions with a stop above 1.1620.
Nearest resistance levels: 1.1500, 1.1540, 1.1620, 1.1750, 1.1800, 1.1860, 1.2000
Nearest support levels: 1.1400, 1.1280, 1.1100, 1.1000, 1.0800, 1.0500
The price of GBP/USD keeps trying to overcome the strong level of 1.5200 and to gain a foothold above it. In case of success, the quotations may continue to rise to 1.5300 and 1.5500. At the moment, the more likely is the reduction of price within the corridor 1,5000-1,5200. We recommend to wait for a confirmation of the signal for opening positions and maintain a medium-term negative outlook.
Nearest resistance levels: 1.5200, 1.5260, 1.5500, 1.5750, 1.5800
Nearest support levels: 1.5000, 1.4700, 1.4500
The price of USD/JPY continued to fall in the descending channel and currently is moving around the level of 117.40. In case of breaking the upper boundary of the channel and fixing the price above the level of 118.50, we recommend to open long positions. According to our estimates, the decline may continue in the near future to the levels of around 116.00. We maintain our positive outlook for the medium-term, but expect a decline in prices in the near future.
Nearest resistance levels: 118.50, 119.00, 120.00, 120.75, 122.00, 125.00
Nearest support levels: 117.00, 116.00, 115.00, 114.00, 113.00, 112.00, 110.00
The price of AUD/USD corrected down after strong growth and at this moment is trying to gain a foothold outside of the downward channel. Signal for the resumption of growth will be fixing the price above the level of the local maximum at 0.7860. We expect a further fall with the first targets at 0.7650 and 0.7600. Our medium-term negative outlook and recommendation to hold short positions remain 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 failed to gain a foothold above the level of 0.7400 and currently is corrected below this mark. In case of resumption of growth, quotations may reach the level of resistance at 0.7500. At the moment, it is likely to continue the downward price movement, and we recommend holding short positions with the target at 0.7000 and the stop above 0.7500. Our medium-term outlook remains negative.
Nearest resistance levels: 0.7400, 0.7500, 0.7620, 0.7700, 0.7800, 0.7850
Nearest support levels: 0.7300, 0.7200, 0.7000