10.04.2015 - ​Technical view

The price of EUR/USD after consolidation below 1.0800 will continue to fall within the local descending channel. Nearest target level for the further reduction is 1.0500. The growth of quotations in the near future is limited by the level of 1.0800. We maintain our medium-term negative outlook and recommend holding short positions with the objectives at 1.0500, 1.0400 and 1.0000 and a stop above the local maximum at 1.1050.

Nearest resistance levels: 1.0700, 1.0800, 1.1000, 1.1050, 1.1280, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.0500, 1.0400, 1.0100

March 2 of USD Performance

The price of GBP/USD continued to fall and reached the target level of 1.4700. Fixation of price below this level will become the basis for the continuation of the downward movement to 1.4500. In case of rebound from the support at 1.4700, the price may rise to 1.4800. Growth is limited by the resistance level at 1.5000. We maintain our medium-term negative outlook on the British pound, but today we can see an upward correction.

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 strong resistance level at 120.30 and may soon reach the support at 121.00. Drop in prices is limited by a strong level of support at 119.50 and 118.50. We expect further growth of quotations to the levels 121.00 and 122.00. Our medium-term outlook remains positive and we recommend holding long positions.

Nearest resistance levels: 121.00, 122.00, 125.00

Nearest support levels: 120.30, 119.50, 118.50, 117.40, 116.00, 115.00, 114.00

March 2 of USD Performance

The price of AUD/USD stabilized near the level of 0.7700 and continues to move within local uptrend. In case of continued upward trend, the price can reach the levels 0.7800 and 0.7900. At this point we see the weakening of force of bulls and the potential for further growth in the near future is limited. We maintain our medium-term goals with a negative outlook at 0.7500 and 0.7200 and recommend holding short positions with a stop above 0.7900.

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 within the local triangle. A signal to buy will be fixing the price above the level of 0.7620. In this case, quotes can grow up to 0.7800 and 0.7850. Fixation of quotations below the local maximum around 0.7500 will be the basis for opening short positions with targets at 0.7200 and 0.7000. We recommend to wait for a signal to open 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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