06.03.2015 - Technical view
The price of EUR/USD continued to fall and reached the target level of 1.1000. In the near future we may see a price correction up to 1,1100-1,1150. To overcome the level of 1.1000, will be needed a strong incentive. In case of further fall, quotes, will reach the level 1.0860. We recommend holding short positions with a stop above 1.1280 and maintain a medium-term negative outlook.
Nearest resistance levels: 1.1100, 1.1280, 1.1450, 1.1500, 1.1620, 1.1750, 1.1800, 1.1860
Nearest support levels: 1.1000, 1.0860, 1.0800, 1.0500
The price of GBP/USD continued to fall after breaking through the level of 1.5350, which was the signal for the opening of short positions with the potential drop to 1.5200 and 1.5000. In case of correction, quotes, will reach the level 1.5350. According to our estimates, the decline will continue in the near future. We recommend holding short positions with a stop above 1.5350.
Nearest resistance levels: 1.5350, 1.5500, 1.5550, 1.5750, 1.5800
Nearest support levels: 1.5200, 1.5050, 1.5000
The price of USD/JPY after some consolidation near the level of 119.50, resumed growth and almost reached the target level of 120.50. In case of breaking this level, we expect a further increase to 122.00 and 125.00. Signal on the closure of long positions and short sale with a potential drop to 118.50 and 117.00 will be fixing below 119.50. Our medium-term outlook remains positive and we recommend holding long positions.
Nearest resistance levels: 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 fell sharply yesterday and almost reached the lower limit of the corridor 0,7740-0,7840. At the moment, the price corrected upwards after a rebound from the bottom of the corridor. In case of the continued growth quotations may reach the level of 0.7900. According to our estimates the price will continue downward movement, and after overcoming the level of 0.7740 will reach a local minimum of 0.7650.
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 broke through the inclined support line and fixed below the level of a local minimum at 0.7500, which is a signal for the opening short positions. We recommend setting the a stop above 0.7620 and look forward to continuing the downward price movement with the potential fall to 0.7340 and 0.7200. To determine the medium-term price direction, we need additional signals.
Nearest resistance levels: 0.7500, 0.7600, 0.7620, 0.7700, 0.7800, 0.7850
Nearest support levels: 0.7440, 0.7340, 0.7200, 0.7000