25.03.2015 - Technical view

The price of EUR/USD reached an important level of 1.1000, but failed to gain a foothold above it, and the upper limit of the local rising channel. At the moment, the quotes are consolidated above the mark of 1.0900 in the near future may continue to fall to the bottom of the channel. We expect the resumption of the downward movement and recommend holding short positions. Our medium-term outlook remains negative.

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 dropped to 1.4850 after some consolidation below the important level of 1.5000. In case of continued downward movement quotations will reach a local minimum near 1.4700. For the continued growth, quotations must be fixed above the mark of 1.5000. We expect the resumption of the downward movement and recommend holding short positions with a stop above 1.5000.

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 could not overcome the level of support at 119.50 and continues to consolidate above this mark. In case of continued fall and fixation below 119.50, we recommend to open short positions with the targets at 118.50 and 117.00. According to our estimates, the growth of quotations will resume in the near future with the potential of reaching the levels of 120.50 and 122.00. Our medium-term outlook remains positive.

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 has broken through the important level of 0.7900, but was unable to gain a foothold above this level. A further increase in price is limited by the level of 0.8000. More likely is a continuation of the downward movement of prices with the first targets 0.7750, 0.7700 and 0.7600. We still maintain a medium-term negative outlook and recommend holding short positions with a stop above 0.7900.

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 continues to consolidate above the important level of 0.7600. In case of fixing of quotations above this mark, we recommend to open long positions with the upside potential to 0.7700, 0.7850 and 0.8000. In case of changing the local uptrend to downward, quotations may drop to 0.7500 and 0.7200. We recommend to wait for a confirmation of the signal for opening positions.

Nearest resistance levels: 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7600, 0.7500, 0.7400, 0.7310, 0.7200, 0.7000

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