12.02.2015 - Technical view

The price of EUR/USD continues to move within a narrow corridor 1,1280-1,1350. If the price fixates outside this corridor, we expect price growth to 1.1500. More likely is a continuation of the downward movement, after overcoming the support at 1.1280. In this case, the medium-term falling is expected to continue with the first targets at 1.1100 and 1.1000. We maintain our medium-term negative outlook and recommend holding short positions.

Nearest resistance levels: 1.1350, 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 could not continue to grow and has overcome the sloping resistance line and the level of 1.5300. At the moment, quotes returned to a strong level of 1.5200. If the price fixates above 1.5350, we recommend to open long positions with the short-term upside potential to 1.5500. In case of breaking of support at 1.5200, we expect the decline to 1.5000. Our medium-term outlook remains negative, but we do not exclude growth to 1.5500 in the near future.

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 has overcome an important level of 120.00 and tries to gain a foothold above this level. In case of success we expect the price to overcome 120.75 and 122.00. Correction is possible to the level of 118.50, below which we recommend to set a stop. According to our estimates, the growth of price will continue in the medium term and in the near future, but the dynamics of the price may change sharply by the end of the week.

Nearest resistance levels: 120.75, 122.00, 125.00

Nearest support levels: 120.00, 118.50, 117.00, 116.00, 115.00, 114.00, 113.00

The price of AUD/USD has broken the lower limit of the corridor 0,7740-0,7840 and continued to decline to the nearest target level 0.7660. At the moment, quotes are trying to overcome this level of support. In case of correction, quotations may reach the level of 0.7740. Our medium-term negative outlook remains unchanged 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: 0.7660, 0.7600, 0.7500

The price of NZD/USD could not overcome the strong resistance level at 0.7440 and corrected to the level of 0.7340. In case of fixing quotations below this mark, we expect a continuation of the downward movement with the potential of reduction to 0.7200 and 0.7000. In case of correction, quotations may return to the level of 0.7440. We recommend holding short positions and maintain a medium-term negative outlook.

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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