27.01.2015 - ​Technical view

The price of EUR/USD continues to decline and now is trying to gain a foothold under the lower boundary of the descending channel. In case of success, quotes will continue to decline to a level of 1.1000. In case of return of price within the channel, quotes, can grow up to its upper limit and the level of 1.1500. We expect further price decline in the medium term and recommend holding short positions with the first target at 1.1000 and the stop above 1.1620.

Nearest resistance levels: 1.1300, 1.1500, 1.1620, 1.1750, 1.1800, 1.1860, 1.2000

Nearest support levels: 1.1100, 1.1000, 1.0800, 1.0500

The price of GBP/USD was unable to gain a foothold below the psychologically important level of 1.5000 and rose to the upper limit of the local descending channel. In case of breaking through this mark, the price can reach the level of 1.5200. Today we expect a strong increase in volatility. At the moment, there is a possibility of continuing downward movement within the local channel, but we recommend to wait for a confirmation of the signal for opening positions.

Nearest resistance levels: 1.5200, 1.5260, 1.5500, 1.5750, 1.5800

Nearest support levels: 1.5050, 1.5000, 1.4700, 1.4500

The price of USD/JPY continues to consolidate in the corridor 117,40-119,00. The amplitude of the fluctuations of price has steadily decreased and after a long consolidation should expect strong price movement. A signal to buy with the objectives of 120.00 and 120.75 will be fixing above 119.00. In case of breaking through the support at 117.40, is expected the fall to 116.00. We maintain our positive outlook for the medium-term, but it's recommended wait for confirmation of the signal for opening positions.

Nearest resistance levels: 119.00, 120.00, 120.75, 122.00, 125.00

Nearest support levels: 117.40, 116.00, 115.00, 114.00, 113.00, 112.00, 110.00

The price of AUD/USD rebounded from the slanting line and of support the level of 0.7860. At the moment, the quotes corrected upwards and in the case of saving such dynamics the growth can continue to 0.8040 and 0.8085. According to our estimates the price decline will continue soon and in the medium term. We recommend holding short positions with the target at 0.7500.

Nearest resistance levels: 0.8000, 0.8040, 0.8200, 0.8250, 0.8360, 0.8550, 0.8700

Nearest support levels: 0.7860, 0.7600, 0.7500

The price of NZD/USD stopped the decline after reaching the level of 0.7400. In case of the price rebound from given mark, we expect the growth of quotations to 0.7500. At the moment, is more probable the continuation of falling of price with the target at 0.7000. Tomorrow night is expected the increase in volatility. We maintain our medium-term negative outlook, and despite the possibility of short-term correction, we recommend to keep the short positions.

Nearest resistance levels: 0.7500, 0.7620, 0.7700, 0.7800, 0.7850, 0.7900, 0.8000

Nearest support levels: 0.7400, 0.7300, 0.7200, 0.7000

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