24.02.2015 - ​Technical view

The price of EUR/USD continues to move within the corridor 1,1280-1,1450. At the moment, there is the probability of reaching and breaking through the level of 1.1280. In this case, is expected the fall to 1.1150 and 1.1100. The growth in the near future is limited by the levels 1.1450 and 1.1500. We recommend holding short positions and maintain a medium-term negative outlook.

Nearest resistance levels: 1.1450, 1.1500, 1.1620, 1.1750, 1.1800, 1.1860, 1.2000

Nearest support levels: 1.1280, 1.1100, 1.1000, 1.0800, 1.0500

January 13 of USD Performance

The price of GBP/USD rebounded from the support at 1.5350 and reached a local maximum at 1.5450. Further growth is limited by the psychologically important level at 1.5500 and the upper boundary of the channel. In case of decrease and breaking through the lower boundary of the rising channel, the signal for the opening short position will be fixing the price below 1.5350. We expect continued growth in prices in the near future and recommend holding long positions.

Nearest resistance levels: 1.5500, 1.5750, 1.5800

Nearest support levels: 1.5350, 1.5300, 1.5200, 1.5050, 1.5000, 1.4700, 1.4500

The price of USD/JPY failed to reach a strong support level at 118.50 and resumed growth. In the near future quotations may continue the upward trend and reach the levels of resistance at 120.00 and 120.50. In case of a fall, a signal to sell with the potential of drop to 117.00 and 116.00 will be fixing the price below 118.50. We maintain our positive outlook for the medium-term and recommend holding long positions.

Nearest resistance levels: 120.00, 120.50, 122.00, 125.00

Nearest support levels: 118.50, 117.40, 116.00, 115.00, 114.00, 113.00

The price of AUD/USD after some consolidation under the strong level 0.7840, started to decline within the corridor 0,7740-0,7840. According to our forecasts in the near future the price will reach the level of 0.7740, a breaking of which will be the basis for reducing the price to 0.7660. Signal on changing the from negative to positive will be fixing the price above 0.8000, but this scenario in the near future is unlikely. We recommend holding short positions and maintain a medium-term negative outlook for the Australian dollar.

Nearest resistance levels: 0.7840, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Next support levels: 0.7740, 0.7660, 0.7600, 0.7500

The price of NZD/USD failed to gain a foothold above the psychologically important level of 0.7500 and after breaking through the inclined support line and the level of 0.7500, started to decline sharply. The nearest support level is 0.7440, a breaking of which will lead to a further reduction with the potential of drop to 0.7340 and 0.7200. Growth is limited by a local maximum at 0.7570. We forecast a drop in prices in the near future.

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

Nearest support levels: 0.7440, 0.7340, 0.7200, 0.7000

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