27.11.2014 - Technical view

The price of EUR/USD was able to overcome the inclined resistance level and returned inside the rising channel. The next upside target level is 1.2560. Within the channel, the price can reach an important resistance at 1.2600 above which we have set the stop. We expect that the quotes will not be able to overcome the mark of 1.2600, maintain a medium-term negative outlook and recommend holding short positions with the targets at 1.2200 and 1.2000.

Nearest resistance levels: 1.2560, 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 has broken the upper boundary of the triangle at 1.5735 and reached 1.5800 below which is consolidating at the current time. Overcoming and fixing the price above 1.5800 will be the basis for the continued growth to the levels of 1,5960-1,6000. The fall is limited by the level of support at 1.5735 and the sloping support line. We expect price growth in the short term.

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

Nearest support levels: 1.5735, 1.5600, 1.5500

The price of USD/JPY has broken through the lower boundary of the rising channel and now is trying to gain a foothold below the important support level at 117.40. In case of success, the quotes can be reduced to the levels 116.00 and 115.00. Despite the possible correction, we recommend to hold long positions with a stop below 115.00 and the next target level near 120.00. 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 reaching the target level of 0.8500 started to correct upwards and now is consolidating near the strong level of 0.8550. In case of continued upward correction, the price will reach the upper limit of the local descending channel. We expect a further fall of the Australian dollar and recommend holding short positions with a stop above 0.8800 and the target level near 0.8200. The medium-term view also remains negative.

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 has broken through the upper limit of the local descending channel and now reached the level of 0.7900. Continuation of growth of the price is possible to the level of 0.8000, above which is installed the stop. The potential for further increase is limited and we recommend to hold short positions. Continued growth is unlikely, and we expect the resumption of downward momentum in the near future. Our medium-term outlook also remains negative.

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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