29.01.2014- Technical view
The futures on the broad U.S. stock index S&P 500 started a correction after rebounding from the strong level in 1780. Now the futures went up to the lower boundary of rising channel. In case of fixing below this level, we expect a significant reduction with the target below 1780. If the price will return to the rising channel, the next target will be 1825.
The next support levels: 1780, 1760
Nearest resistance levels: 1810, 1825, 1844
The price of euro continues to consolidate below 1.37. If the price will be fixed above the level of 1.3710, the next target will be at 1.3810. When fixing prices below 1.3650, we expect a decline to 1.3630 and 1.3600. We do not anticipate a strong movement until the announcement of the Fed's decision (19:00 GMT).
Nearest support levels: 1.3630, 1.3550, 1.3500
Nearest resistance levels: 1.3710, 1.3810
The price of British pound cannot gain a foothold above the strong level 1.6600. It is necessary to overcome a mark 1.6630 for the growth continuation. Correction is possible to 1.6550. We expect an increase in volatility after the Fed's decision on the program of quantitative easing (19:00 GMT), until which, we do not forecast strong price movements of the British pound.
Nearest support levels: 1.6550, 1.6450
Nearest resistance levels: 1.6630
The price of USD/JPY is trying to gain a foothold above the level - 103.00. In case of continued growth, the quotes of the currency pair will reach the nearest resistance at 103.90. Support is at 102.50. Further price movement will depend on today's Fed decision and a large block of macroeconomic data in Japan, which will be published on Friday.
Nearest support levels: 101.90, 102.50
Nearest resistance levels: 103.90, 104.70
The price of AUD/USD has failed to overcome 0.88. We expect that the price will continue to move within the downward channel. Closest target in case of further growth is 0.8840. In case of breaking the level of resistance at 0.8840, the price is likely to reach 0.89. Decline is limited by the level of local minimum 0.8680.
Nearest support levels: 0.8680
Nearest resistance levels: 0.8840, 0.8900
The price of gold keeps moving inside the local rising channel. Reducing is limited by resistance level 1242, which coincides with the lower boundary of the channel. Growth is limited by the level of local maximum around 1280 dollars per troy ounce.
Nearest support levels: 1242, 1220
Nearest resistance levels: 1265, 1280, 1290