20.01.2015 - Technical view
The price of EUR/USD after a minor correction continued downward movement and currently is consolidating below 1.1600. The growth of price is limited by the upper limit of the downward channel. The most likely is a continuation of the downward price movement with the first target at 1.1500 and then the fall may continue to 1.1200 and 1.1000. We recommend holding short positions and maintain a medium-term negative outlook for the euro.
Nearest resistance levels: 1.1620, 1.1750, 1.1800, 1.1860, 1.2000, 1.2165, 1.2250, 1.2360
Nearest support levels: 1.1500, 1.1200, 1.1000
The price of GBP/USD accelerated the decline after it could not overcome the upper limit of the local descending channel. At the moment, quotes approached the lower boundary of the channel and may continue to decline to 1.5000 along this level of support. In case of resumption of growth, the price may reach a local maximum near 1.5260. We maintain our medium-term negative outlook, but assume the growth of price within the channel.
Nearest resistance levels: 1.5200, 1.5260, 1.5500, 1.5750, 1.5800, 1.5960, 1.6000
Nearest support levels: 1.5000, 1.4700
The price of USD/JPY has broken through an inclined resistance line and was able to gain a foothold above it. At the moment, quotes reached the other sloping resistance line and in case of breaking through it, can reach the level of 119.00 and 120.75. Now there is a possibility of price reduction within the correction to the level of 117.40. We maintain our medium-term forecast, but do not exclude the possibility of the price falling to the level of 116.00 in the near future.
Nearest resistance levels: 119.00, 120.00, 120.75, 122.00, 125.00
Nearest support levels: 118.00, 117.40, 116.00, 115.00, 114.00, 113.00, 112.00, 110.00
The price of AUD/USD gradually decreases after prolonged consolidation within a narrow corridor 0,8200-0,8250. At the moment the price broke through the level of 0.8200 and with a high probability will continue to decline with the objectives of 0.8085 and 0.8040. Growth is limited by the level of 0.8250. We maintain our medium-term negative outlook and recommend holding short positions with a stop above 0.8360.
Nearest resistance levels: 0.8200, 0.8250, 0.8360, 0.8550, 0.8700, 0.8800, 0.8900, 0.9000
Nearest support levels: 0.8040, 0.8000, 0.7600, 0.7500
The price of NZD/USD continued to fall after the price fixing below 0.7800 and currently approached the resistance at 0.7700. In case of further fall, the price can reach the level of 0.7660 and 0.7620. Growth is limited by the resistance levels at 0.7800 and 0.7850. We recommend holding short positions with the targets at 0.7620 and 0.7500 and the stop above 0.7910.
Nearest resistance levels: 0.7800, 0.7850, 0.7900, 0.8000, 0.8050, 0.8270
Nearest support levels: 0.7700, 0.7660, 0.7500, 0.7300