26.11.2014 - Technical view

The price of EUR/USD after it started to correct upwards, fixed above the level of 1.2400 and continued the growth. At the moment, the price is consolidating below the lower boundary of the local rising channel and in case of the return of the price within it, can reach the level of 1.2600, above which we recommend to set a stop. On the other hand, we expect the resumption of the upward price movement with the closest target near 1.2360, recommend to hold short positions and maintain a medium-term negative outlook for the euro.

Nearest resistance levels: 1.2500, 1.2600, 1.2700, 1.2825, 1.2925, 1.3000, 1.3160

Nearest support levels: 1.2400, 1.2360, 1.2200, 1.2000

The price of GBP/USD is consolidated within the triangle and is currently near its upper limit. In case of continued growth, fixing of quotations above $ 1.5735 will be a signal for opening of long positions with the targets 1,5960-1,6000 and the stop below 1.5650. It is worth noting that there is a high probability of price reduction to the lower border of the side corridor 1,5600-1,5735. We expect continued downward movement of prices in the near future.

Nearest resistance levels: 1.5735, 1.5800, 1.5960, 1.6000, 1.6200, 1.6300, 1.6400, 1.6450

Nearest support levels: 1.5600, 1.5500

The price of USD/JPY continues to consolidate near the seven-year highs and currently approached the lower boundary of the rising channel. After a long price consolidation there is a high probability of a strong price movement. We recommend holding long positions with the closest target near 120.00 and the stop below 115.00. Our medium-term outlook also remains negative.

Nearest resistance levels: 120.00, 122.00, 125.00

Nearest support levels: 115.00, 114.00, 113.00, 112.00, 110.00, 108.50, 107.60, 107.00

The price of AUD/USD after breaking through the level of 0.8600 accelerated the growth and reached the lower limit of the local descending channel. At the moment, quotes are trying to gain a foothold below the local minimum near 0.8550 and to continue the downward movement. We recall that now the quotes are near the four-year low. Growth is limited by the upper boundary of the channel and the level of 0.8600. We recommend holding short positions and maintain a medium-term negative outlook.

Nearest resistance levels: 0.8550, 0.8700, 0.8800, 0.8900, 0.9000, 0.9100, 0.9130, 0.9200

Nearest support levels: 0.8500, 0.8360, 0.8200

The price of NZD/USD is correcting upwards after a rebound of the price from the bottom of the local descending channel, after a failed attempt to gain a foothold below the level 0.7800. Now the price is trying to gain a foothold below the local minimum near 0.7830, which will be a signal for the continuation of the downward movement with the objectives of 0.7740 and 0.7660. We recommend holding short positions with a stop above 0.8000 and confirm our negative medium-term outlook.

Nearest resistance levels: 0.7900, 0.8000, 0.8050, 0.8270, 0.8350

Nearest support levels: 0.7800, 0.7740, 0.7660, 0.7500, 0.7300

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