16.01.2015 - Technical view
The price of EUR/USD broke through the strong support level at 1.1750 and reached the target level of 0.1620. At the moment, quotations are consolidated near this mark after it failed to overcome the lower boundary of the channel. In case of correction, the price can rise to the top of the channel and the level of 0.1750. We maintain our medium-term negative outlook and recommend holding short positions with a stop above 1.2000.
Nearest resistance levels: 1.1750, 1.1800, 1.1860, 1.2000, 1.2165, 1.2250, 1.2360, 1.2500
Nearest support levels: 1.1620, 1.1500
The price of GBP/USD corrected downwards and broke through the level of 1.5200. At the moment, quotations reached the lower limit of the local rising channel and in case of breaking through it may continue to decline with the target at 1.5000. At the moment there a high probability of the price rebound up with growth potential to the upper boundary of the channel and the level of 1.5300. Our medium-term view on the pound remains negative.
Nearest resistance levels: 1.5200, 1.5300, 1.5500, 1.5750, 1.5800, 1.5960, 1.6000
Nearest support levels: 1.5000
The price of USD/JPY resumed the downward movement after it could not break through the sloping resistance line. At the moment, the price is corrected upwards after a rebound from the support level at 116.00. The price growth in the near future is limited by the level of 117.40 and a sloping resistance line. Despite the likelihood of price reduction in the near future, we keep a medium-term negative outlook.
Nearest resistance levels: 117.40, 118.00, 119.00, 120.00, 120.75, 122.00, 125.00
Nearest support levels: 116.00, 115.00, 114.00, 113.00, 112.00, 110.00
The price of AUD/USD yesterday showed the strong growth, but failed to gain a foothold above the local maximum at 0.8260. At the moment the price with a high probability can start to correct with a potential drop to 0.8085 and 0.8040. In case of consolidation above 0.8250, we expect further growth with the target at 0.8360. We maintain our medium-term negative outlook for the Australian dollar.
Nearest resistance levels: 0.8360, 0.8550, 0.8700, 0.8800, 0.8900, 0.9000
Nearest support levels: 0.8200, 0.8040, 0.8000, 0.7600, 0.7500
The price of NZD/USD grew up to the strong resistance level at 0.7850, but failed to gain a foothold above it. Further growth is limited by the resistance level 0.7910. We recommend to open short positions with a stop above 0.7910 and immediate objectives at 0.7700, 0.7660 and 0.7620. We maintain our medium-term negative outlook and expect the fall of prices in the near future.
Nearest resistance levels: 0.7850, 0.7900, 0.8000, 0.8050, 0.8270
Nearest support levels: 0.7700, 0.7660, 0.7500, 0.7300