06.02.2015 - Technical view

The price of EUR/USD rebounded from the bottom of the local rising channel and reached a local maximum, and the psychologically important mark of 1.1500. In case of price fixing above this mark, we expect continued growth with the closest targets at 1.1620 and 1.1750. At the moment, there is a high probability of a downward price movement with the potential of fall to the bottom of the channel and the support level at 1.1280. Our medium-term outlook remains negative and we expect a drop in prices in the near future.

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 was able to break through the strong resistance level at 1.5200 and continued the upward movement within which has overcome the level of 1.5300. In case of continuation of the current dynamics, quotes, reached the level of 1.5500. Falling the price is limited by the level of support at 1.52000. We maintain a negative medium-term outlook with the first target at 1.5000, but we assume growth of quotations in the near future.

Nearest resistance levels: 1.5500, 1.5750, 1.5800

Nearest support levels: 1.5200, 1.5000, 1.4700, 1.4500

The price of USD/JPY continues to consolidate near the important level of 117.40 and cannot overcome the support at 117.00. At the moment, the quotes are moving in the descending channel, and this trend will continue in the near future. Today is forecasted the growth of price volatility. Signal for opening long positions will be fixing of quotations above 118.50. Short positions with the target at 116.00, should be opened after fixation below 117.00. Our medium-term outlook remains positive.

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 continued to grow along the local inclined line of support. At the moment, quotes approached the strong resistance level at 0.7850, and in case of overcoming it, may continue to grow to the level of 0.8000. At the moment, there is a high probability of price correction within the corridor 0,7650-0,8000. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 0.8000.

Nearest resistance levels: 0.7860, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7650, 0.7600, 0.7500

The price of NZD/USD has started growing again and currently is trying to overcome the level of local maximum at 0.7430. In the near future quotations may continue to grow with the potential of reaching the level of 0.7500. Despite the current growth, we expect the resumption of the downward trend and recommend holding short positions with a stop above 0.7500. Our medium-term remains negative with the target at 0.7000.

Nearest resistance levels: 0.7400, 0.7500, 0.7620, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7300, 0.7200, 0.7000

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