10.02.2015 - Technical view

The price of EUR/USD continues to consolidate above the level of 1.1300. For the continuation of the downward price movement with the potential of reduction to 1.1100, the price must be fixed below the level 1.1280, which is a local minimum. Increase in the price level is limited by 1.1500. We forecast a fall in price of euro in the medium term and recommend holding short positions with a stop above 1.1620.

Nearest resistance levels: 1.1400, 1.1500, 1.1540, 1.1620, 1.1750, 1.1800, 1.1860, 1.2000

Nearest support levels: 1.1300, 1.1280, 1.1100, 1.1000, 1.0800, 1.0500

The price of GBP/USD corrected to the level of 1.5200 and has started growing again. At the moment, quotes show an upward trend and within raise can reach sloping resistance line and the level of 1.5300. In case of breaking the sloping resistance line and a local maximum at 1.5350, we recommend to open long positions with the upside potential to 1.5500. The breaking of the level of 1.5200, will lead to falling to 1.5000. Our medium-term outlook remains negative, but we recommend to wait for a signal to open positions.

Nearest resistance levels: 1.5300, 1.5350, 1.5500, 1.5750, 1.5800

Nearest support levels: 1.5200, 1.5000, 1.4700, 1.4500

The price of USD/JPY corrected down after a strong increase on Friday. At the moment, the quotes have reached a strong support level at 118.50, fixing above which will become confirmation of the signal for opening long positions with the upside potential to 120.00 and 120.75. In case of breaking through the support at 118.50, is expected the decline of quotes to a level of 117.00 with the possibility of falling to 116.00. We maintain our medium-term positive outlook.

Nearest resistance levels: 119.00, 120.00, 120.75, 122.00, 125.00

Nearest support levels: 118.50, 117.00, 116.00, 115.00, 114.00, 113.00, 112.00, 110.00

The price of AUD/USD continues to consolidate within a narrow corridor 0,7740-0,7840. The price fixing above 0.7840 will become the reason for further growth of the price to 0.8000. Fixing of quotations below 0.7740 will be the signal for reducing the price to 0.7660 and 0.7500. We maintain our medium-term negative outlook with the target at 0.7500 and recommend holding short positions with a stop above 0.8000.

Nearest resistance levels: 0.7840, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7740, 0.7650, 0.7600, 0.7500

The price of NZD/USD continues to consolidate between the sloping support line and resistance at 0.7440. Taking into account the decrease in the amplitude of the fluctuations of the price, we expect a strong price movement in the case of breaking the boundaries of the triangle. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 0.7500.

Nearest resistance levels: 0.7440, 0.7500, 0.7620, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7340, 0.7300, 0.7200, 0.7000

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