13.04.2015 - Technical view

The price of EUR/USD continues to fall within the local descending channel and currently is consolidating near the level of 1.0600 and may soon fall to the level of 1.0500. Growth within the correction is limited by the resistance level near 1.0700. We maintain our medium-term negative outlook and recommend holding short positions with the potential drop to 1.0500, 1.0400 and 1.0000.

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

The price of GBP/USD continued the downward movement of prices and has broken the support level at 1.4700 and currently is trying to overcome the level of 1.4600. According to our forecasts, within the current downward momentum quotes will continue to decline to the level of 1.4500. In case of correction, the price may rise to 1.4700. We maintain our medium-term negative outlook on the British pound and recommend holding short positions.

Nearest resistance levels: 1.4700, 1.5000, 1.5150, 1.5200, 1.5300, 1.5350, 1.5500, 1.5550

Nearest support levels: 1.4500

The price of USD/JPY after a minor correction returned to growth and currently reached the level of 120.50. According to our estimates, the current upward movement is likely to continue in the near future and the price will reach 121.00 and 122.00. In case of correction, quotations may fall to 119.50. We maintain our positive outlook for the medium-term and recommend holding long positions with a stop below 118.50.

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

The price of AUD/USD accelerated the decline and has broken the lower boundary of the local rising channel. In the near future quotations may reach the level of a local minimum of 0.7550 and a target level of 0.7500. In case of correction, the price may rise to the levels 0,7700-0,7750. We maintain our medium-term negative outlook with the first target at 0.7500, after which the fall may continue to 0.7200.

Nearest resistance levels: 0.7600, 0.7700, 0.7850, 0.7900, 0.8000, 0.8040, 0.8200, 0.8250

Nearest support levels: 0.7500, 0.7200

The price of NZD/USD after consolidation between the the resistance level at 0.7620 and the sloping support line, has broken it and an important level of 0.7500. In the near future quotes are likely to reach 0.7400 and then can continue the downward movement to 0.7300 and 0.7200. We recommend to open short positions with the potential of fall to 0.7200 and the stop above 0.7620.

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

Nearest support levels: 0.7400, 0.7310, 0.7200, 0.7000

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