09.04.2015 - Technical view
The price of EUR/USD has broken the lower boundary of the triangle and is currently trying to gain a foothold below the level of 1.0800. This fact is the basis for the continuation of the downward price movement with the first targets at 1.0700 and 1.0500. The growth of price in the near future is limited by the local maximum near 1.1050. We recommend holding short positions with a stop above 1.1050 and maintain a medium-term negative outlook.
Nearest resistance levels: 1.0800, 1.1000, 1.1050, 1.1280, 1.1450, 1.1500, 1.1620
Nearest support levels: 1.0700, 1.0500, 1.0400, 1.0100
The price of GBP/USD corrected downwards after failed to overcome the upper limit of the local rising channel. A signal to buy will be fixing the price above the level of 1.5000. Target levels in this case will be the marks 1.5200 and 1.5350. On the other hand the break of 1.4800 will be the reason for the further decline to 1.4700. We maintain our medium-term negative outlook.
Nearest resistance levels: 1.5000, 1.5150, 1.5200, 1.5300, 1.5350, 1.5500, 1.5550
Nearestsupportlevels: 1.4700, 1.4500
The price of USD/JPY again reached the level of resistance at 120.30. To continue the growth quotations need to fix above this level. The fall is limited by the levels of support at 119.50 and 118.50. Our medium-term outlook remains positive with the objectives at 121.00 and 122.00. We also recommend holding long positions with a stop below 118.50.
Nearest resistance levels: 120.30, 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 could not break through the upper limit of the local rising channel and corrected inside the rising channel. Further growth is limited by the levels of 0.7800 and 0.7900. Despite the probability of continuation of upward movement, we maintain a medium-term negative outlook 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 continues to consolidate between the inclined support and resistance levels. The amplitude of price fluctuations is reduced and in case of fixing the price below 0.7500 or above 0.7620, we recommend opening respectively long or short positions. To determine the medium-term direction of the trend, we will need additional stimulus.
Nearest resistance levels: 0.7620, 0.7700, 0.7800, 0.7850
Nearest support levels: 0.7500, 0.7400, 0.7310, 0.7200, 0.7000