11.02.2015 - ​Technical view

The price of EUR/USD is consolidated near the level of 1.1300. In case of fixing of quotations below the local maximum at 1.1280, the price will continue to fall to 1.1100. At the moment, there is the possibility of renewed growth of quotations within the corridor 1,1280-1,1500 with the upside potential to its upper limit. We maintain our medium-term negative outlook and recommend holding short positions.

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

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

The price of GBP/USD after stabilizing above 1.5200, began to grow gradually. In case of continuation of the current positive dynamics, quotations may reach an inclined resistance line. Overcoming the line and local resistance level at 1.5350 will be a signal for opening long positions with the upside potential to 1.5500. Fixing the price below 1.5200 will be the basis for reducing the price to 1.5000. Our medium-term view is negative.

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 resumed growth after consolidation above 118.50. According to our forecasts the growth of quotations will continue up to the level of 120.00 and 120.75. In such case the stop should be set below 118.50. In case of changing of trend and fixing the price below 118.50, we expect a further fall with the potential of reaching the levels of 117.00 and 116.00. We maintain our medium-term positive outlook and expect further growth in the near future.

Nearest resistance levels: 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 move through the channel 0,7740-0,7840. Fixing the price outside this corridor will be the basis for opening short positions. Despite the potential growth of price we recommend keeping the medium term short positions with a stop above the psychologically important level of 0.8000. In case of fixing below 0.7740, the closest targets will be at 0.7660 and 0.7500. Our medium-term negative outlook remains unchanged.

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 is consolidated within the local triangle. In case of continued upward movement and consolidation of quotations above 0.7440, the price will continue to rise with the first target level at 0.7500, above which we recommend to keep the stop on short positions. In case of resumption of downward movement, we expect a drop in prices to 0.7200 with the potential of further reduction to 0.7000. Our medium-term outlook remains negative.

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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