23.03.2015 - ​Technical view

The price of EUR/USD showed an increase within the local rising channel, but could not overcome its upper border and the resistance level at 1.0900. In case of continued growth quotations may reach 1.1000. According to our forecasts, the price will soon fall to the bottom of the channel and the level of 1.0700. Our medium-term outlook remains negative, and we recommend holding short positions with a stop above 1.1000.

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

Nearest support levels: 1.0700, 1.0500, 1.0400, 1.0100

The price of GBP/USD rebounded upwards and approached the psychologically important level of resistance at 1.5000. In case of its overcoming, quotations may continue to rise to the level of 1.5200 and 1.5350. The fall of price is limited by the level of support at 1.4700. In the near future quotes are likely to decrease. Our medium-term view is negative.

Nearest resistance levels: 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 has broken through the inclined support line and in the near future may continue to fall to the level of 119.50. In case of fixing of quotations below this level, we recommend to open short positions with a stop above 121.50 and the target at 117.00. Our medium-term outlook remains positive and we recommend holding long positions with a stop below 119.50 and objectives at 124.00 and 125.00.

Nearest resistance levels: 120.50, 122.00, 125.00

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

The price of AUD/USD continued its growth and may soon reach the levels of resistance at 0.7850 and 0.7900. For overcoming these levels will be needed a strong incentive. In this regard, we recommend to wait for the moment for the re-opening short positions with a stop above 0.7900. According to our estimates, the price decline will resume in the near future and we recommend holding short positions and maintain a medium-term negative outlook with the potential of fall to 0.7500.

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

Nearest support levels: 0.7700, 0.7600, 0.7500, 0.7200

The price of NZD/USD continued its growth after breaking the important level 0.7500 and now is trying to gain a foothold above the mark of 0.7600. If successful, we recommend to open long positions with a stop below 0.7500 and objectives at 0.7700 and 0.7800. The price volatility in the coming days will remain high. We recommend to wait for a confirmation for the opening of long positions and forecast the price growth in the near future.

Nearest resistance levels: 0.7600, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7500, 0.7400, 0.7310, 0.7200, 0.7000

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