09.01.2015 - Technical view
The price of EUR/USD continues to decline along the sloping support line. At the moment, quotations continue to consolidate near 1.1800 the level of. In case of continued downward movement within the channel, the price will reach 1.1620 and 1.1500. Growth is limited by the levels of 1.1900 and 1.2000. Given a stable negative trend, we expect a further decline of quotations in the near future and in the medium term.
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 after a strong downward movement, stabilized above the level of 1.5000 and to continue reduction and breaking through 1.5000 mark, will be needed a substantial stimulus. At the moment, there is a high probability of the price correction with the upside potential to 1.5200 and 1.5300. Our medium-term outlook remains negative and we recommend holding short positions.
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 could not continue to grow after reached the level of 120.00 and the upper limit of the local descending channel. In case of breaking the top of the channel and the level of 120.00, we expect continued growth with the objectives of 120.85 and 122.00. In the near future we can see a continuation of the downward movement within the channel with the objectives of 117.40 and 115.00, but despite this, our medium-term outlook remains negative.
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 has broken through the upper boundary of the triangle and approached the level of the local maximum at 0.8160 in case of fixing above which we recommend to open long positions with the targets 0.8360 and 0.8550. Despite the possibility of growth in the near future, 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
price of NZD/USD continued the growth after overcoming the level of 0.7800 and currently approached the level of resistance at 0.7850. At the moment, there is a great possibility of renewed downward movement within the correction and we recommend holding short positions with a stop above 0.7910 and 0.7620 on the objectives and 0.7500. We also maintain a medium-term negative view.
Nearest resistance levels: 0.7850, 0.7900, 0.8000, 0.8050, 0.8270
Nearest support levels: 0.7800, 0.7660, 07620, 0.7500, 0.7300