15.01.2015 - ​Technical view

The price of EUR/USD after rising volatility yesterday, returned to the levels close to the minimum of 9 years and is currently consolidating near the important mark of 1.1800. Fixing the price below this mark will be the reason for the further decline with the target at 1.1620. Growth is limited by psychologically important level of 1.2000. We recommend holding short positions with a stop above 1.2250 and maintain a medium-term negative outlook.

Nearest resistance levels: 1.1860, 1.2000, 1.2165, 1.2250, 1.2360, 1.2500, 1.2560

Nearest support levels: 1.1800, 1.1620, 1.1500

The price of GBP/USD was able to overcome a strong level of 1.5200 and is currently trying to gain a foothold above this mark. If case of success, quotations may continue to grow in the downward channel with the objectives at 1.5300 and 1.5500. The fall is limited by an inclined level of support. The price growth may continue in the near future, but we do not see the explicit direction of prices in the medium term.

Nearest resistance levels: 1.5300, 1.5500, 1.5750, 1.5800, 1.5960, 1.6000

Nearest support levels: 1.5200, 1.5000

The price of USD/JPY after breaking through the lower boundary of the local descending channel reached the level of support at 116.00 and rebounded of it. At the moment, quotes approached the level of 118.00, and may continue its upward movement to the level of 119.00 and the upper limit of the channel. Our medium-term outlook remains positive, but in the short term, we can see a resumption of the downward movement within the channel.

Nearest resistance levels: 118.00, 119.00, 120.00, 120.75, 122.00, 125.00

Nearest support levels: 117.40, 116.00, 115.00, 114.00, 113.00, 112.00, 110.00

The price of AUD/USD rebounded from the support level at 0.8085 and is currently trying to overcome the strong resistance level at 0.8200. In case of success and consolidation above this mark, quotations may continue to rise to 0.8360. The fall is limited by the levels of 0.8085 and 0.8040. At the moment, there is a high probability of resumption of reduction of prices and we maintain a medium-term negative outlook for the Australian dollar.

Nearest resistance levels: 0.8200, 0.8360, 0.8550, 0.8700, 0.8800, 0.8900, 0.9000

Nearest support levels: 0.8040, 0.8000, 0.7600, 0.7500

The price of NZD/USD is consolidating above the level of 0.7700 and may soon overcome this level and continue to decrease to the lower limit of the corridor 0,7620-0,7800. The price growth in the near future is restricted by the levels of 0.7850 and 0.7910. According to our forecasts, the price will continue to decline in the near future and in the medium term. We recommend holding short positions with a stop above 0.7910.

Nearest resistance levels: 0.7800, 0.7825, 0.7900, 0.8000, 0.8050, 0.8270

Nearest support levels: 0.7700, 0.7660, 0.7500, 0.7300

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