19.11.2014 - Technical view

The price of EUR/USD after the price rebound from the level of 1.2450, again attempted to overcome the resistance level at 1.2550, but after a failed attempt resumed the decline, and probably will reach the lower limit of the local rising channel. In case of continued growth, the price may reach 1.2600 above which should be set a stop. We recommend holding short positions and forecast the price decline in the medium term with the closest targets near 1.2200 and 1.2000.

Nearest resistance levels: 1.2550, 1.2600, 1.2700, 1.2825, 1.2925, 1.3000, 1.3160

Nearest support levels: 1.2400, 1.2200, 1.2000

The price of GBP/USD after a minor consolidation continued the downward movement and approached the level of 1.5600. We expect a further fall of the price with the closest targets near 1.5500 and 1.5360. In case of growth, the signal of changing the negative trend will be fixing the price above the level of 1.6000. In the near future, growth is possible only within the correction. We forecast a decline in prices in the coming months and see no preconditions for changing the current trend.

Nearest resistance levels: 1.5800, 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 some consolidation continued the growth and has overcome the strong resistance level at 117.00 and continues to move near seven-year highs. Falling the price in the near future is possible only within the correction. We expect that the price in the medium term will reach the resistance at 120.00. Stop should be set below 115.00. Our medium-term outlook remains positive and we recommend holding long positions to reach the target level, after which we will revise the forecast.

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 аfter a slight increase along the lower border of the local rising channel, was able to break through it and has now reached the support level near 0.8660. In case of further reduction the price is likely to reach the level of 0.8600 and 0.8550. Growth is limited by the sloping resistance line. We forecast a decline in the price in the medium term and recommend holding short positions with a stop above 0.8925.

Nearest resistance levels: 0.8800, 0.8900, 0.9000, 0.9100, 0.9130, 0.9200

Nearest support levels: 0.8660, 0.8550, 0.8500, 0.8360, 0.8200

The price of NZD/USD failed to reach the psychologically important mark near 0.8000 and started to decline sharply. As a result, the quotes broke through the lower boundary of the rising channel, and in the case of consolidation below the nearest local minimum will continue to fall to the levels 0.7740 and 0.7680. Our medium-term outlook remains negative and we recommend holding short positions with a stop above the mark of 0.8000.

Nearest resistance levels: 0.7900, 0.8000, 0.8050, 0.8270, 0.8350

Nearest support levels: 0.7800, 0.7740, 0.7660, 0.7500, 0.7300

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