20.11.2014 - Technical view
The price of EUR/USD fixed above the level of 1.2500 and reached 1.2600, but could not overcome it and now is consolidating near the level of1.2550. In case of further growth, the price can overcome the resistance at 1.2600, fixation above which will become a signal to close short positions. We forecast a decrease of price in the medium term and recommend holding short positions with the targets 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 corrected to the upper limit of the downward channel, but could not break through it and now will probably continue the decrease. The nearest support level is at 1.5600. At the moment, there is no reason to talk about changing the downtrend. Signal of changing the downward dynamics will be fixation the price above 1.6000. We expect a further decline with the target near 1.5500.
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 continued a steady growth and has broken through the upper boundary of the rising channel. According to our estimates in the near future quotes will reach the level of 120.00 near which may slow the growth or slightly correct. In the case of return into the channel frames, the price can drop to its lower limit. We recommend holding long positions with a stop below 115.00 and maintain a medium-term positive outlook.
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 continued to decline after it has left the boundaries of the local rising channel and fixed below the level of 0.8660. In the near future the price will probably reach the level of 0.8550, and then can continue to decrease with the objectives of 0.8500 and 0.8200. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 0.8925.
Nearest resistance levels: 0.8660, 0.8800, 0.8900, 0.9000, 0.9100, 0.9130, 0.9200
Nearest support levels: 0.8550, 0.8500, 0.8360, 0.8200
The price of NZD/USD has broken through the lower boundary of the local rising channel and reached a local minimum, fixing below which will be a signal for the opening the short-term short positions. Nearest targets are 0.7800, 0.7740 and 0.7660. Changing the negative dynamics is possible after consolidation the quotes above 0.8000. We recommend holding short positions with a stop above 0.8000 and maintain a medium-term negative outlook.
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