08.01.2015 - Technical view
The price of EUR/USD stabilized above the level of 1.1800, but in the near future may continue the downward trend with the target level of 1.1500. At the same time, it is worth noting the likelihood of rebound the prices with upside potential to 1.2000. We maintain our medium-term negative outlook and recommend holding short positions on the euro with a stop above 1.2250 and target at 1.1500.
Nearest resistance levels: 1.2000, 1.2165, 1.2250, 1.2360, 1.2500, 1.2560, 1.2600, 1.2700
Nearest support levels: 1.1800, 1.1500
The price of GBP/USD approached the target level of 1.5000, but could not reach it and now is consolidating above this mark. It is worth noting that 1.5000 is psychologically important level and to overcome it will be needed a significant boost. In this regard, there is a high probability of upward correction with the objectives of 1.5200 and 1.5300. We expect further price decline in the medium term.
Nearest resistance levels: 1.5200, 1.5300, 1.5500, 1.5750, 1.5800, 1.5960, 1.6000, 1.6200
Nearest support levels: 1.5000
The price of USD/JPY continues a gradual growth and according to our estimates in the near future will reach the local maximum at 120.75. Drop in prices is limited by the level of support at 118.00. Our medium-term outlook remains positive and we expect growth of prices in the near future.
Nearest resistance levels: 120.00, 120.75, 122.00, 125.00
Nearest support levels: 117.40, 115.00, 114.00, 113.00, 112.00, 110.00
The price of AUD/USD continued consolidation within the triangle and reached its upper limit. The price leaving the figure will be a signal for opening positions. Fixation above 0.8160 will be the reason for the growth of quotations with the objectives of 0.8360 and 0.8550. Securing the quotations below 0.8040 will be confirmation for further price declines. We recommend holding short positions and maintain a medium-term negative outlook.
Nearest resistance levels: 0.8160, 0.8200, 0.8360, 0.8550, 0.8700, 0.8800, 0.8900, 0.9000
Nearest support levels: 0.8040, 0.8000, 0.7600, 0.7500
The price of NZD/USD after a brief decline, resumed growth and reached the local maximum near 0.7800. In case of further growth, quotations may reach the resistance levels at 0.7850 and 0.7910. Despite this, we maintain a medium-term negative outlook and recommend holding short positions with the targets 0.7620 and 0.7500 and the stop above 0.7910.
Nearest resistance levels: 0.7800, 0.7850, 0.7900, 0.8000, 0.8050, 0.8270
Nearest support levels: 0.7660, 07620, 0.7500, 0.7300