17.04.2015 - Technical view
The price of EUR/USD continued to rise and reached the resistance level at 1.0800. At the moment, the quotes are consolidated near the upper limit of the local rising channel and in the case of continuing its growth, will reach 1.0900. The fall of price the near future is limited by the level of support at 1.0500. We maintain our medium-term objectives with a negative outlook 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 continues to grow gradually along the inclined line of resistance and soon will reach 1.5000. The breaking and fixing the price above this mark will be the basis for the continuation of the upward movement with the objectives at 1.5200 and 1.5350. In the near future there is a big probability of changing local uptrend and quotations may return to the levels of 1.4700 and 1.4600. We maintain our medium-term negative outlook on the British pound.
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 stabilized near the level of 119.00 in case of continuing the downward movement may reach the level of support at 118.50 for overcoming of which will need a serious impulse. In this case, quotations may fall to 118.50. In case of the beginning of ascending correction, we expect growth to 121.00 and 122.00. Our medium-term view remains positive.
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 reached the level of resistance at 0.7800, after a strong upward movement. At the moment, quotes corrected after an unsuccessful attempt to break through the level of 0.7800. In case of resumption of growth and overcoming the mark of 0.7800, the price will reach 0.7900. We expect the change the local upward movement to the downward and recommend to wait for the signal to open short positions. Our medium-term outlook remains negative.
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 has broken the resistance level at 0.7620 and reached a local maximum at 0.7700. Fixing the price above this level will be the basis for the continuation of the upward price movement to 0.7800 and 0.78500. At the moment, there is a high probability of a downward price correction, and we expect the decline with the first targets at 0.7620 and 0.7500.
Nearest resistance levels: 0.7620, 0.7700, 0.7800, 0.7850
Nearest support levels: 0.7500, 0.7400, 0.7310, 0.7200, 0.7000