11.12.2014 - Technical view

The price of EUR/USD has broken the upper limit of the downward channel, and almost reached the level of 1.2500. In case of further growth, quotations may reach the level of 1.2550, above which we recommend to set a stop. Fixing the price above this mark will be a signal of the change of the negative trend. At the moment, there is a great possibility of renewed downward movement and the price will probably return in the frames of the channel and will reach its lower limit. We recommend holding short positions and maintain a medium-term negative outlook.

Nearest resistance levels: 1.2500, 1.2560, 1.2600, 1.2700, 1.2825, 1.2925, 1.3000

Nearest support levels: 1.2400, 1.2360, 1.2200, 1.2000

The price of GBP/USD after breaking through the inclined resistance line continued to grow and reached the level of 1.5750. Quotes of the British pound could not overcome this level and started to correct. If the price will fix above 1.5750, we recommend to open long positions with the growth potential up to 1,5960-1,6000. Fall is limited by the level of 1.5600. We recommend to wait for a confirmation of the signal for opening positions.

Nearest resistance levels: 1.5750, 1.5800, 1.5960, 1.6000, 1.6200, 1.6300, 1.6400

Nearest support levels: 1.5600, 1.5500, 1.5300, 1.5000

The price of USD/JPY continued to fall and reached a strong support level at 107.40, but could not break through it and rebounded upwards. In the near future we can see the continuation of the upward price movement. Fixing the price below 107.40, will be a signal for the opening of short-term short positions. Signal for the resumption of growth will be fixing the price above 119.00. We recommend to wait for a signal, and maintain the medium-term positive outlook.

Nearest resistance levels: 120.00, 122.00, 125.00

Nearest support levels: 118.00, 117.40, 115.00, 114.00, 113.00, 112.00, 110.00

The price of AUD/USD continues a gradual increase within the downward channel. In case of further growth, the price can reach the level of 0.8400 and the upper limit of the downward channel. We expect the resumption of the downward movement in the near future and expect a price drop to levels of 0.8200 and 0.8000. Our medium-term view remains negative.

Nearest resistance levels: 0.8360, 0.8550, 0.8700, 0.8800, 0.8900, 0.9000, 0.9100, 0.9130

Nearest support levels: 0.8200, 0.8000

The price of NZD/USD greatly increased after fixation within the descending channel. As part of the growth, the price has reached the upper limit of the channel and the level of 0.7825, but failed to gain a foothold above it. In the near future quotations will probably drop within the channel. The closest targets are 0.7780 and 0.7700. Our medium-term outlook remains negative and now have the opportunity to open a short position with a stop above 0.7850.

Nearest resistance levels: 0.7825, 0.7900, 0.8000, 0.8050, 0.8270, 0.8350

Nearest support levels: 0.7780, 0.7660, 0.7500, 0.7300

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