14.04.2015 - Technical view

The price of EUR/USD continues to fall within the local descending channel and at the moment is trying to gain a foothold below the level 1.0600 and then will continue to decline until the next target levels 1.0500 and 1.0400. In case of correction, quotations may grow up to 1.0700 and 1.0800. We recommend holding short positions and maintain a medium-term negative outlook for the euro with the potential of reduction to 1.0000.

Nearest resistance levels: 1.0600, 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 corrected upwards after the rebound from the support level at 1.4600. At the moment, the quotes are consolidated between the levels of 1.4600 and 1.4700. In the case of continuation of the correction, the price may rise to 1.4850 and 1.5000. We expect a continuation of the downward price movements and recommend holding short positions with the target at 1.4500. Our medium-term outlook also remains negative.

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

Nearest support levels: 1.4600, 1.4500

The price of USD/JPY decreases after it has reached the upper boundary of the rising channel. In the near future quotes can reach a strong support level at 119.50 and the lower boundary of the rising channel. We expect continued growth of quotations in the near future and medium term, to 121.00 and 122.00 and recommend holding long positions with a stop below 118.50.

Nearest resistance levels: 120.30, 121.00, 122.00, 125.00

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

The price of AUD/USD rebounded from the support at the local minimum 0.7550. In case of continued upward correction, quotations may grow to a sloping resistance line, but overcoming it in the near future is unlikely. We expect strong growth of volatility tomorrow and keep medium-term negative outlook with the closest targets at 0.7500.

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 breaking through the sloping support line, continued the downward movement, started to correct today and in the near future can reach the level of 0.7600. According to our forecasts, the prices will continue to fall in the near future with the objectives at 0.7400 and 0.7200. Growth is limited by the resistance at 0.7620. We still recommend holding short positions with a 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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