20.03.2015 - Technical view

The price of EUR/USD rebounded from the level of 1.0600, after showed a sharp decline. In case of overcoming the level of 1.0600, quotes will continue to decline to 1.0500 and 1.0400. Continued growth within the correction is limited by the resistance level 1.0900. We expect continuation of falling of prices in the near future and maintain the medium-term negative outlook. We also recommend holding short positions with a stop above 1.1000 and target at 1.0000.

Nearest resistance levels: 1.0900, 1.1000, 1.1100, 1.1280, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.0600, 1.0500, 1.0400, 1.0100

The price of GBP/USD returned to the levels close to the local minimum around 1.4700 and currently stabilized. In case of resumption of growth, the price can reach the level of 1.5000. To continue the downward movement, quotes will continue to decline to 1.4500, but for this, quotations must be fixed below the level of 1.4700. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 1.5000.

Nearest resistance levels: 1.4900, 1.5000, 1.5150, 1.5200, 1.5300, 1.5350, 1.5500, 1.5550

Nearest support levels: 1.4700, 1.4500

The price of USD/JPY rebounded from the bottom of the rising channel and the level of 120.00, and is currently trying to overcome the mark of 120.00. In case of continued growth, we expect reaching the level of 122.00. Our medium-term outlook remains positive and we recommend holding long positions with the targets at 124.00 and 125.00 and the stop below 119.50.

Nearest resistance levels: 122.00, 125.00

Nearest support levels: 120.50, 119.50, 118.50, 117.40, 116.00, 115.00, 114.00

The price of AUD/USD continues to consolidate within the range 0,7600-0,7700. Overcoming the level 0.7700 will become the basis for continued growth to 0.7800 and 0.7900. At the moment, the more likely is a continuation of the downward movement. According to our estimates the price decline will continue in the near future to the level of 0.7500, and then quotes will drop to 0.7200 and 0.7000. Our medium-term outlook also remains negative.

Nearest resistance levels: 0.7700, 0.7750, 0.7900, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7600, 0.7500, 0.7200

The price of NZD/USD continues to grow within the local rising channel. In case of continued current growth, quotes, will reach the level of 0.7600. According to our estimates, a drop in prices will continue in the medium term within a long-term downtrend, and we recommend to wait for a signal to open a short position, but in the near future, the growth is likely to continue in the local rising channel.

Nearest resistance levels: 0.7500, 0.7570, 0.7620, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7400, 0.7310, 0.7200, 0.7000

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