17.11.2014 - Technical view
The price of EUR/USD after a long consolidation below 1.2500, was able to overcome it and may soon reach the level of 1.2600. In case of breaking this mark, quotation with a high probability will reach the level of 1.2750, above which we recommend to set a stop. In case of resumption of downward movement, the price will reach 1.2400. We forecast a decline in quotations in the medium term with the objectives 1.2200 and 1.2000.
Nearest resistance levels: 1.2600, 1.2700, 1.2825, 1.2925, 1.3000, 1.3160
Nearest support levels: 1.2500, 1.2200, 1.2000
The price of GBP/USD corrected upwards after it has broken the lower limit of the downward channel and reached the level of support at 1.5600. Further growth is limited by the boundary of the channel, as well as an important level of 1.5800. At the moment, there is no reason to change the negative trend to the positive and we recommend to open long positions only after fixing the prices above 1,6200. We expect a continuation of the downward movement in the medium term, with the potential of fall to 1.5500.
Nearest resistance levels: 1.5960, 1.6000, 1.6200, 1.6300, 1.6400, 1.6450
Nearest support levels: 1.5600, 1.5500
The price of USD/JPY after reaching the level of 117.00 and the upper boundary of the rising channel, started to decline and reached the lower limit of the downward channel. In case of the price leaving the channel and continuing reduction, quotations may reach the mark of 115.00, and 114.00. We expect the upward price movement in the medium term and recommend holding long positions with a stop below 114.00 and purpose near 120.00.
Nearest resistance levels: 120.00, 122.00, 125.00
Nearest support levels: 115.00, 114.00, 113.00, 112.00, 110.00, 108.50, 107.60, 107.00
The price of AUD/USD after failing to overcome the support level at 0.8680 and the lower limit of the upward channel began to rise sharply and approached the strong resistance level at 0.8800. In case of breaking and fixing this level we expect further growth to 0.8925 above which is installed the stop. Our medium-term outlook remains negative with the goals near 0.8500 and 0.8200.
Nearest resistance levels: 0.8800, 0.8900, 0.9000, 0.9100, 0.9130, 0.9200
Nearest support levels: 0.8680, 0.8550, 0.8500, 0.8360, 0.8200
The price of NZD/USD rebounded from the lower boundary of the local rising channel and continued the growth within its boundaries. Currently quotes approached psychologically important level of 0.8000 after breaking through which quotations may reach the mark of 0.8085. Despite the current growth, our medium-term outlook remains negative and we recommend holding short positions with a stop above 0.8085 and objectives near 0.7500 and 0.7300.
Nearest resistance levels: 0.8000, 0.8050, 0.8270, 0.8350
Nearest support levels: 0.7800, 0.7740, 0.7660, 0.7500, 0.7300