17.03.2015 - Technical view
The price of EUR/USD has broken the upper limit of the downward channel and continues to consolidate in the range 1,0500-1,0600. For the continuation of descending movement, quotations must be fixed, below 1.0500. In this case, the price may drop to 1.0400 and 1.0000. Signal about changing the negative trend will be fixation the price above the level of 1.0900. We recommend holding short positions with the target at 1.0000 and maintain a medium-term negative outlook.
Nearest resistance levels: 1.0700, 1.0900, 1.1000, 1.1100, 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 level 1.4700. At the moment the price is consolidating above 1.4800. For the continuation of descending movement with the first target at 1.4500, the price must overcome the support at 1.4700. Signal of change of the current negative trend to the positive will be fixation of quotations above 1.5000. We maintain our negative view on the British pound and recommend holding short positions.
Nearest resistance levels: 1.4900, 1.5000, 1.5150, 1.5200, 1.5300, 1.5350, 1.5500, 1.5550
Nearest support levels: 1.4700, 1.4500
The price of USD/JPY continues to move along the upper boundary of the rising channel. A further rise in the price is limited by the level of 122.00, a breaking of which will become a signal to continue to grow to 124.00 and 125.00. In case of reduction, the price can reach the level of 120.00 and 119.50. We recommend holding long positions with a stop below 119.50 and objectives at 124.00 and 125.00. Our medium-term outlook also remains positive.
Nearest resistance levels: 122.00, 125.00
Nearest support levels: 120.50, 119.50, 118.50, 117.40, 116.00, 115.00, 114.00
The price of AUD/USD is consolidating above 0.7600. Growth of the price is limited by the inclined line of resistance. In case of breaking through it, a confirmation of a buy signal will be fixation the price above 0.7700. In such a case quotes can grow up to 0.7840 and 0.7900. We expect a price drop to 0.7500 in the near future and continued downward movement in the medium term.
Nearest resistance levels: 0.7750, 0.7900, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360
Nearest support levels: 0.7600, 0.7500, 0.7200
The price of NZD/USD reached the level of 0.7400. Further growth is limited by the levels of 0.7440 and 0.7500. To resume the downward movement the price must break through the support level at 0.7310. Target levels are 0.7200 and 0.7000. Tonight and tomorrow is expected the increase in volatility. We recommend to wait for a signal to open positions.
Nearest resistance levels: 0.7440, 0.7500, 0.7570, 0.7620, 0.7700, 0.7800, 0.7850
Nearest support levels: 0.7310, 0.7200, 0.7000