25.02.2015 - Technical view

The price of EUR/USD could not overcome the strong support level at 1.1280 and is currently consolidating near the level of 1.1350. In case of continued growth, the price can reach the resistance levels at 1.1450 and 1.1500. Fixing the price below 1.1280 will be the basis for the continuation of the downward movement with a target at 1.1150 and 1.1100. We maintain our medium-term negative outlook and recommend holding short positions with the potential drop to 1.1000.

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

The price of GBP/USD is trying to overcome local maximum level near 1.5450. According to our forecasts the price may soon reach the levels of 1.5500 and 1.1550. Falling of the price is limited by the levels of 1.5400 and 1.5350. Signal for the change in trend will be fixing the price below 1.5350. In such a case quotations may drop to 1.5200 and 1.5000. We expect growth of quotations of the British pound in the near future.

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 the target level of 120.00, and returned to a strong support level at 118.50. Breaking through and consolidation below this mark will be the basis for the continuation of the downward price movement with the potential of fall to 117.00 and 116.00. According to our forecasts, the price will rise in the near future and can reach the levels of 120.00 and 120.50. We maintain our medium-term positive outlook.

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 rebounded from the strong support level at 0.7740 and started to grow rapidly as a result of which has broken through the upper boundary of the corridor 0,7740-0,7840. Fixing the price above this level will be the basis for further growth to 0.8000. Despite the current upward impulse, we maintain a medium-term negative outlook and recommend holding short positions with a stop above 0.8000.

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

Nearest support levels: 0.7840, 0.7740, 0.7660, 0.7600, 0.7500

The price of NZD/USD could not continue to fall and to overcome the support level at 0.7440 and started to grow rapidly. At the moment, quotes approached the level of the local maximum at 0.7570. In case of further growth, we expect reaching the marks 0.7620 and 0.7700. Today is expected the increase of volatility and the price increase is likely to continue.

Nearest resistance levels: 0.7620, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7570, 0.7500, 0.7440, 0.7340, 0.7200, 0.7000

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