26.03.2015 - Technical view
The price of EUR/USD is consolidated within a narrow range 1,0900-1,1000. In case of fixing the price above the psychologically important level of 1.1000, we expect continued growth with the objectives at 1.1150 and 1.1300. According to our estimates, after some consolidation, a drop in prices will resume and the price will reach target levels at 1.0500 and 1.0000. 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 decreased to the level of support at 1.4850 and in the case of overcoming this mark, the downward movement will continue to the local minimum near 1.4700. A signal to buy will be fixing of quotations above 1.5000. According to our forecasts drop in prices will continue in the near term and the medium term. We also 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: 1.4850, 1.4700, 1.4500
The price of USD/JPY after some consolidation has broken strong level of support at 119.50 and continued to fall within the local descending channel. In this regard, we recommend opening short-term short positions with the potential drop to 118.50 and 117.00. Signal of changing the negative trend will be breaking through the upper boundary of the channel and consolidation above 119.50. Despite the current trend, our medium-term outlook remains positive with the objectives at 122.00, 124.00 and 125.00.
Nearest resistance levels: 119.50, 120.50, 122.00, 125.00
Nearest support levels: 118.50, 117.40, 116.00, 115.00, 114.00
The price of AUD/USD started to decline after several attempts to break through the resistance at 0.7900 and currently reached the mark of 0.7800. For the resumption of growth with the target at 0.8000, quotations must be fixed above 0.7900. According to our estimates, quotes will continue to decline in the near future and can reach 0.7700 and 0.7600 marks of. We recommend holding short positions with a stop above 0.7900 and maintain a medium-term negative outlook.
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 could not continue to grow and exceed the level of 0.7700. At the moment, quotes fell below the important level of 0.7600 and with a high probability will continue to fall to 0.7500, and then can continue to move downwards to 0.7310 and 0.7200. For the continued growth with the target at 0.8000, quotations must overcome the mark of 0.7700. For determining the direction in the medium-term we need additional signals.
Nearest resistance levels: 0.7600, 0.7700, 0.7800, 0.7850
Nearest support levels: 0.7500, 0.7400, 0.7310, 0.7200, 0.7000