24.03.2015 - ​Technical view

The price of EUR/USD continues to grow gradually within the local rising channel and currently is moving along the upper boundary of the channel. Further growth of quotations is limited by important resistance level at 1.1000. At this point it is possible to open short positions with a stop above 1.1000 and the first targets at 1.0500 and 1.0400. Our medium-term outlook remains negative and we recommend holding short positions.

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

Nearest support levels: 1.0900, 1.0700, 1.0500, 1.0400, 1.0100

The price of GBP/USD could not overcome the important level of 1.5000 and continues to consolidate below this mark. In case of fixing the price above this level, we recommend to open long positions with the targets at 1.5200, 1.5350 and 1.5500. At the moment, the more likely is the resumption of a downward movement with the first target at 1.4700. Our medium-term outlook remains 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

GBP/USD Index Forecast

The price of USD/JPY broke through the important level of 120.00 and continues a gradual decline. In case of breaking and fixing the price below the mark 119.50, we expect a continued drop in prices with the first targets at 118.50 and 117.00. In case of resumption of growth, quotes will reach the levels 121,50-122,00. We maintain our positive outlook for the medium-term and recommend holding long positions with a stop below 119.50.

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 approached the important resistance level at 0.7900. In the case of overcoming this level, the price may continue to rise to 0.8000. At the moment, there is the possibility of renewed downward movement with the potential fall to 0.7750, 0.7600 and 0.7500. We recommend holding short positions with a stop above 0.7900. Our medium-term outlook remains negative.

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

Nearest support levels: 0.7750, 0.7700, 0.7600, 0.7500, 0.7200

The price of NZD/USD has broken through the important resistance levels 0,7600-0,7620. Fixing the price above given levels will be a confirmation of a buy signal with the upside potential to 0.8000. Today we expect a strong increase in volatility. In case of correction, quotations may fall to the level of 0.7500. We recommend to wait for a confirmation of the signal for opening new positions, but expect 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

February 11, 2015 of NZD-USD Performance

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