10.03.2015 - Technical view
The price of EUR/USD continued to decline after the consolidation below 1.0900 and reached the target level at 1.0800. At the moment, there is a possibility of the rising price correction with upside potential to the levels 1.0900 and 1.1000. In case of overcoming 1.0800, we expect a further fall in prices to the levels of 1.0500 and 1.0400. Our medium-term outlook remains negative and we recommend holding short positions.
Nearest resistance levels: 1.0900, 1.1000, 1.1100, 1.1280, 1.1450, 1.1500, 1.1620
Nearest support levels: 1.0800, 1.0500, 1.0400, 1.0100
The price of GBP/USD adjusted upwards and approached the upper limit of the downward channel. At the moment, the price resumed falling and may soon return to the level of 1.5000. Signal about changing the current negative trend is price fixing above 1.5150. We forecast a drop to 1.5000, but to determine the further movement, we will need new signals.
Nearest resistance levels: 1.5150, 1.5200, 1.5300, 1.5350, 1.5500, 1.5550, 1.5750, 1.5800
Nearest support levels: 1.5000
The price of USD/JPY continues to grow after reaching the target level of 121.50, and after fixing above this mark, will continue the upward movement with upside potential to 124.00 and 125.00. In case of correction, the price can go back to the level of 120.50. We still recommend holding long positions with a stop below 119.50 and save a medium-term negative outlook.
Nearest resistance levels: 122.00, 125.00
Nearest support levels: 121.50, 120.50, 119.50, 118.50, 117.40, 116.00, 115.00, 114.00
The price of AUD/USD after consolidation below the important level of 0.7740, continued to fall and broke the lower boundary of the local descending channel and reached the target level of 0.7650. In case of further decline, the price reached the target marks at 0.7600 and 0.7500. At the moment, there is a possibility of the price growth in the event of a rebound from a strong support at 0.7650. Our medium-term outlook remains negative and we recommend holding short positions.
Nearest resistance levels: 0.7740, 0.7840, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360
Nearest support levels: 0.7650, 0.7600, 0.7500
The price of NZD/USD after some correction, resumed falling and reached the mark of 0.7300. According to our forecasts drop in price will continue and in the near future and will reach 0.7200. It is worth noting that after a sharp decline there is a high probability of ascending correction with the possibility of the price reaching the levels 0.7400 and 0.7440. To determine the direction of the medium-term we need new signals.
Nearest resistance levels: 0.7340, 0.7440, 0.7500, 0.7570, 0.7620, 0.7700, 0.7800, 0.7850
Nearest support levels: 0.7200, 0.7000