19.02.2015 - Technical view

The price of EUR/USD continues to consolidate near the level of 1.1400. Growth of price is limited by the level of resistance at 1.1500. Overcoming this mark will be the basis for continued growth to 1.1620 and 1.1750. To continue the downward movement the price is needed to consolidate below 1.1280. 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 after some consolidation near the level of 1.5350 began to rise sharply and in the near future will reach 1.5500. Falling of price is limited by the sloping support line and the level of 1.5350. Our medium-term view remains negative and is expected the decline in the medium term, but in the near future quotes are likely to continue to rise.

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 corrected down to strong level of 118.50, for the breaking of which will be needed a strong impetus. In case of fixing quotations below this level, we recommend to open short positions with the potential of fall to 117.00 and 116.00. At the moment there is a high probability of price rebound upwards with the upside potential to 120.00 and 120.50. We maintain our positive outlook for the pair and recommend holding short positions.

Nearest resistance levels: 120.00, 120.75, 122.00, 125.00

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

The price of AUD/USD continues to consolidate below the important level of 0.7840. In case of breaking and fixing of price above this level, we expect growth to 0.8000 and recommend opening short-term long positions. The fall is limited by the level of support at 0.7740, after breaking which may fall to 0.7660. We forecast a fall in price in the near future and keep the medium-term negative outlook.

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 fixed above 0.7500 the level of and continued growth inside the rising channel. According to our estimates, the growth of price will continue in the near future, with the potential of reaching the level of 0.7620. The fall is limited by the a strong support level at 0.7500. We have improved our medium-term outlook and look forward to continuing the positive dynamics of prices in the near future.

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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