12.03.2015 - Technical view

The price of EUR/USD reached the target level of 1.0500 and is consolidating near this mark. In case of correction, quotations may rise to the level 1.0700 and the upper limit of the local descending channel. In the nearest future decline in prices may continue to 1.0400. We maintain our medium-term negative outlook and recommend holding short positions with a stop above 1.0900.

Nearest resistance levels: 1.0800, 1.0900, 1.1000, 1.1100, 1.1280, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.0500, 1.0400, 1.0100

The price of GBP/USD fell sharply after failed to overcome the upper boundary of the descending channel. As a result of the decline, quotes broke through an important level of 1.5000 and fell to 1.4900. In case of correction, quotations may grow up to 1.5000 and the upper boundary of the channel. Signal of changing the negative trend will be fixing the price above the level of 1.5150. We expect a further fall to 1.4800.

Nearest resistance levels: 1,50001,5150, 1.5200, 1.5300, 1.5350, 1.5500, 1.5550

Nearest support levels: 1.4900, 1.4800, 1.4560

The price of USD/JPY keeps consolidating near the level of 121.50. To continue the upward movement with the objectives at 124.00 and 125.00, the price must overcome the level of 122.00. In case of breaking through the lower boundary of the channel, confirmation of the signal for opening short positions will be fixing the price below 120.00. We recommend holding long positions and maintain a medium-term positive outlook.

Nearest resistance levels: 122.00, 125.00

Nearest support levels: 120.50, 119.50, 118.50, 117.40, 116.00, 115.00, 114.00

The price of AUD/USD has broken the upper boundary of the descending channel after failed to gain a foothold below the level 0.7600. In case of continued upward correction, quotations may reach the level of 0.7700 and 0.7740. At the moment, there is no reason to change the negative trend. We maintain our medium-term negative outlook and recommend holding short positions with a stop above 0.7900.

Nearest resistance levels: 0.7650, 0.7740, 0.7840, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7600, 0.7500

The price of NZD/USD started to rise sharply after a rebound from the target level of 0.7200. In case of continued upward correction, quotations may reach the marks 0.7440 and 0.7500. Strong upward momentum is due to profit taking on short positions. We expect this upward movement in the near future, but quotations will probably return to the target levels 0.7200 and 0.7000 in the medium term.

Nearest resistance levels: 0.7440, 0.7500, 0.7570, 0.7620, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7340, 0.7200, 0.7000

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