07.04.2015 - Technical view

The price of EUR/USD could not overcome the strong resistance level at 1.1050 and corrected down to 1.0900. At the moment we see the formation of Triangle chart pattern and soon quotes will move within it. Signal to open new positions will be fixing of quotations outside this figure, then we expect a strong price movement. We continue to maintain a medium-term negative outlook and recommend holding short positions with a stop above 1.1050.

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 corrected down, but continues to move within the local rising channel. Further increase in prices is limited by a strong resistance level at 1.5000. The breaking and fixing of prices above this resistance level will be the basis for opening long positions with the upside potential to 1.5200 and 1.5350. In the near future decline in prices may be resumed with the first target at 1.4700. 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 some consolidation near the level of 119.00, corrected upwards and at the moment is located near the upper limit of the downward channel and the level of 119.50. Fixing the price above these levels will be the basis for opening long positions. The fall is limited by the level of support at 118.50. We maintain our positive outlook for the medium-term with the first targets at 121.00 and 122.00.

Nearest resistance levels: 120.50, 121.00, 122.00, 125.00

Nearest support levels: 119.50, 118.50, 117.40, 116.00, 115.00, 114.00

The price of AUD/USD showed strong growth and has broken through the sloping resistance line and reached 0.7700. In case of continued growth, the price can reach 0.7740 and marks of 0.7800. Our medium-term outlook remains negative despite the likelihood of continued upward movement of prices in the near future.

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 corrected down after stabilized below 0.7620. Further fall is limited by a sloping support line. In case of resumption of the upward movement, quotes, can grow up to 0.7700. We recommend to wait for a new signals for opening positions.

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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