16.04.2015 - Technical view
The price of EUR/USD shows growth after rebounded from the support level at 1.0550. In case of further growth, quotations may reach the mark of 1,0800 and 1,0900. According to our estimates, the price decline will resume in the short term and medium-term we maintain a negative outlook for the euro with the objectives at 1.0500, 1.0400 and 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 fixed above the level of 1.4700 and continued an upward movement. In case of continuation of the current ascending trend, quotes will continue to rise to the level of 1.5000. Overcoming this level in the near future is unlikely and in the case of reaching it, we recommend to open short positions with a small stop above 1.5000. We maintain our medium-term negative outlook with the first targets at 1.4600 and 1.4500.
Nearest resistance levels: 1.5000, 1.5150, 1.5200, 1.5300, 1.5350, 1.5500, 1.5550
Nearest support levels: 1.4700, 1.4600, 1.4500
The price of USD/JPY decreases within the local descending channel and may soon reach a strong support level at 118.50. Breaking through this mark will be the basis for further price decline to the level of 117.00, but this scenario according to our estimates is unlikely. We expect the resumption of growth after some consolidation near the current levels and maintain a medium-term positive outlook with targets at 121.00 and 122.00.
Nearest resistance levels: 119.50, 120.30, 121.00, 122.00, 125.00
Nearest support levels: 118.50, 117.40, 116.00, 115.00, 114.00
The price of AUD/USD showed the strong growth and approached the level of resistance at 0.7800. In case of continued upward movement, quotes will reach 0,7900. The breaking of this level is the basis for changing the negative trend, but we expect a soon resumption of the downward price movement after the weakening of the current upward momentum. Our medium-term outlook remains negative and we recommend to wait for a signal to open a short position.
Nearest resistance levels: 0.7850, 0.7900, 0.8000, 0.8040, 0.8200, 0.8250
Nearest support levels: 0.7740, 0.7600, 0.7550, 0.7500, 0.7200
The price of NZD/USD reached a strong resistance level at 0.7620 and may continue to grow to 0.7700 in case of overcoming 0.7620. At the moment, there is a possibility of a downward correction of the price with the first targets at 0.7500 and 0.7400. We expect a downward price correction in the near future, but for the determination of medium-term price direction we need additional incentives.
Nearest resistance levels: 0.7620, 0.7700, 0.7800, 0.7850
Nearest support levels: 0.7500, 0.7400, 0.7310, 0.7200, 0.7000