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15.04.2015 - Technical view

The price of EUR/USD could not continue to fall after reaching the level of 1.0550, and corrected upwards to the level 1.0700. Continued growth in the near future is unlikely, and we expect the resumption of the downward price movement in the near future with the first targets at 1.0500 and 1.0400. Our medium-term outlook remains negative and we recommend holding short positions with the target at 1.0000.

Nearest resistance levels: 1.0800, 1.1000, 1.1050, 1.1280, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.0550, 1.0500, 1.0400, 1.0100

The price of GBP/USD corrected upwards and reached the resistance level at 1.4800. For the continuation of growth quotations need to overcome this resistance, in such case the growth may continue to 1.5000. We expect a continuation of the downward movement of the price to the level of 1.4500 and recommend holding short positions with a stop above 1.5000.

Nearest resistance levels: 1.4800, 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 fell to the bottom of the rising channel and rebounded upwards. In case of continued upward movement, quotes will reach the upper boundary of the channel and the resistance levels at 121.00. Our medium-term view remains positive and we expect a continuation of the upward movement of prices in the near future. We also recommend holding long positions with a stop below 118.50 and objectives at 121.00 and 122.00.

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 keeps consolidating within the triangle, and after the completion of the consolidation within the figures will show a strong price movement. For the continuation of descending movement, quotations must be fixed below the support at 0.7550. Growth is limited by the resistance at 0.7740 and 0.7900. Our medium-term outlook remains negative and we recommend holding short positions on the Australian dollar.

Nearest resistance levels: 0.7600, 0.7740, 0.7850, 0.7900, 0.8000, 0.8040, 0.8200, 0.8250

Nearest support levels: 0.7550, 0.7500, 0.7200

The price of NZD/USD broke through the inclined support line and tries to to gain a foothold above it. In case of success and the continuation of descending movement, the price will continue to fall with the first targets at 0.7400 and 0.7200. For the continuation of growth quotations need to break through the strong resistance level at 0.7620. We expect reduction of price in the near future and recommend holding short positions with a stop above 0.7620.

Nearest resistance levels: 0.7620, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7500, 0.7400, 0.7310, 0.7200, 0.7000

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