06.04.2015 - ​Technical view

The price of EUR/USD has broken through the level of 1.0900 and is currently consolidating near the level of 1.1000. If the price fixates above 1.1050, growth may continue to 1.1150 and 1.1280. At the moment, there is a possibility to open a short position with a small stop above 1.1050 and targets at 1.0700 and 1.0500. We recommend holding short positions with a stop above 1.1050 and maintain a medium-term negative outlook.

Nearest resistance levels: 1.1000, 1.1050, 1.1280, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.0900, 1.0700, 1.0500, 1.0400, 1.0100

The price of GBP/USD after consolidation near the level of 1.4800 showed a sharp increase and currently is consolidating above 1.4900. For the continued growth, the price must overcome an important resistance level at 1.5000. According to our forecasts in the near future the price will resume its fall with the first targets at 1.4700 and then may fall to 1.4500. Our medium-term outlook remains negative.

Nearest resistance levels: 1.5000, 1.5150, 1.5200, 1.5300, 1.5350, 1.5500, 1.5550

Nearest support levels: 1.4700, 1.4500

The price of USD/JPY after moving along the upper boundary of the descending channel, has broken through the support level at 119.50 and may soon fall to 118.50 a break through which will be a signal for opening short positions with the potential of fall to 117.00 and 116.00. Confirmation of the signal for opening long positions will be fixation above 119.50. We maintain our positive outlook for the medium-term and recommend holding long positions with a stop below 118.50.

Nearest resistance levels: 119.50, 120.50, 121.00, 122.00, 125.00

Nearest support levels: 118.50, 117.40, 116.00, 115.00, 114.00

The price of AUD/USD corrected upwards, but could not overcome the level of 0.7700 and sloping resistance line. In the near future the price will continue to decline to 0.7600, after which can reach a local minimum at 0.7550. To change the negative trend the price must be fixed above 0.7900. We maintain our medium-term negative outlook and recommend holding short positions with the target at 0.7500.

Nearest resistance levels: 0.7700, 0.7850, 0.7900, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7600, 0.7500, 0.7200

The price of NZD/USD has broken through the inclined resistance line and reached the important resistance level at 0.7620. In case of continued upward movement of quotations may grow to a local maximum at 0.7700. At the moment, there is a possibility of reduction of quotations to 0.7400 and 0.7200. In case of opening short positions, we recommend setting the stop above 0.7700. We expect a decline in the near future.

Nearest resistance levels: 0.7600, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7500, 0.7400, 0.7310, 0.7200, 0.7000

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