08.04.2015 - ​Technical view

The price of EUR/USD continued to decline and reached a sloping support line and a strong level of 1.0800. To continue the downward movement with the objectives at 1.0500 and 1.0400, the price must be fixed below them. At the moment, there is a possibility of ascending correction to 1.1050. Given the price consolidation within the triangle, we expect a strong price movement after moving the price beyond its boundaries. Our medium-term outlook remains negative, we 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: 1.0800, 1.0700, 1.0500, 1.0400, 1.0100

The price of GBP/USD corrected down to the level of 1.4800, and may continue to move downwards to 1.4700. According to our estimates, the price will continue to consolidate within the range 1,4700-1,5000 in the nearest future. Signal for the opening of long positions will be fixing above 1.5000. In this case, quotes can grow up to 1.5200 and 1.5350. 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 has broken through the upper limit of the downward channel, and at the moment is trying to gain a foothold above the level of 119.50. In case of continued growth, quotes will reach the levels 120.50, 121.00 and 122.00. A signal to sell may be fixing the price below 118.50, but this option is unlikely. We maintain our medium-term positive outlook.

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 broke through the upper limit of the downward channel, but could not overcome resistance at 0.7700. Signal for the opening short-term long positions with the target at 0.7900, will be fixation the price above 0.7700. We still maintain a medium-term negative outlook with the target at 0.7500 and recommend holding short positions.

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 continued downward correction and reached a sloping support line. At the moment, the price rebounded upwards and can continue its upward movement to the level of 0.7620. To continue the downward movement, the price must be fixed below 0.7500. The price may drop to 0.7400 and 0.7200. Growth is limited by the level of 0.7700. We expect the signal to open new positions.

Nearest resistance levels: 0.7620, 0.7700, 0.7800, 0.7850

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

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