18.02.2015 - Technical view

The price of EUR/USD could not overcome the resistance at 1.1450 and returned to the level of 1.1400. In case of growth and price fixing above 1.1500, we expect continued growth with the potential of reaching the levels of 1.1620 and 1.1750. More likely is a drop in prices in the near future with targets at 1.1280 and 1.1100. We maintain our medium-term negative outlook and recommend holding short positions.

Nearest resistance levels: 1.1450, 1.1500, 1.1620, 1.1750, 1.1800, 1.1860, 1.2000

Nearest support levels: 1.1350, 1.1280, 1.1100, 1.1000, 1.0800, 1.0500

The price of GBP/USD continues to consolidate near the level of 1.5350. In case of overcoming this level, we expect a price drop to 1.5200. At the moment, more probable is the rise to the level of 1.5500, after which the decline may resume. Today is forecasted the rise in volatility. We maintain a negative medium-term outlook on the British pound, but expect the growth in the near future.

Nearest resistance levels: 1.5500, 1.5750, 1.5800

Nearest support levels: 1.5350, 1.5300, 1.5200, 1.5050, 1.5000, 1.4700, 1.4500

The price of USD/JPY could not continue to fall and resumed upward movement. At the moment, quotations are trying to gain a foothold above 119.00, and will likely to continue to rise to 120.00 and 120.50. We recommend holding long positions with a stop below 118.50. In case of changing of trend and fixation below 118.50, we forecast a drop to 117.00 and 116.00. Our medium-term outlook also remains positive.

Nearest resistance levels: 120.00, 120.75, 122.00, 125.00

Nearest support levels: 119.00, 118.50, 117.40, 116.00, 115.00, 114.00, 113.00

The price of AUD/USD continues to grow gradually along the inclined support line. For the continuation of growth the price needs to gain a foothold above the level of 0.7840. In this case, we expect the growth to the psychologically important level of 0.8000. The breaking of the oblique line will lead to falling to 0.7740 and 0.7660. We maintain our medium-term negative outlook and expect the resumption of the downward movement in the near future.

Nearest resistance levels: 0.7840, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7740, 0.7660, 0.7600, 0.7500

The price of NZD/USD has overcome an important level of 0.7500 and now is consolidating near the mark of 0.7550. According to our estimates, the growth of quotations will continue in the near future to the level of 0.7620. In case of changing the current dynamics, we should wait for a drop in prices to 0.7440 and the inclined support line. Our medium-term outlook remains negative, but we recommend to wait for the signals to open new positions.

Nearest resistance levels: 0.7620, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7500, 0.7440, 0.7340, 0.7200, 0.7000

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