30.03.2015 - Technical view
The price of EUR/USD dropped to 1.0800 and the lower limit of the local rising channel, but could not overcome it, and at this point moves along the bottom of the channel. To continue the growth, quotations must be fixed above the local maximum near 1.1050. Confirmation of the sell signal will be fixing the price below 1.0800. We forecast a drop in prices in the medium term with targets at 1.0500 and 1.0000 and recommend holding short positions.
Nearest resistance levels: 1.0900, 1.1000, 1.1100, 1.1280, 1.1450, 1.1500, 1.1620
Nearest support levels: 1.0800, 1.0700, 1.0500, 1.0400, 1.0100
The price of GBP/USD continues to decline gradually and may soon reach the level of support at 1.4700. To change the downtrend, quotations need to grow and to gain a foothold above the level of 1.5000. In this case, we recommend opening long positions with the first targets at 1.5200 and 1.5350. Our medium-term negative opinion remains unchanged.
Nearest resistance levels: 1.5000, 1.5150, 1.5200, 1.5300, 1.5350, 1.5500, 1.5550
Nearest support levels: 1.4700, 1.4500
The price of USD/JPY is consolidated within the range 119,00-119,50. At the same time the price moves downward along the upper boundary of the channel. To continue the downward movement with a target at 117.00, the price must be fixed below 118.50. On the other hand, fixing above 119.50 will be the basis for opening long positions. We maintain our positive outlook for the medium-term, but we recommend to wait for a confirmation of the signal for opening positions.
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 steadily decreasing and in the near future will continue to fall to the level of 0.7700. Overcoming this level will become the basis for the further fall of quotations up to 0.7600. In case of rebound from 0.7700 is possible the correction of quotations to 0.7850. According to our forecasts a drop in prices will continue in the medium term up to 0.7500, but soon quotations may be corrected upwards.
Nearest resistance levels: 0.7850, 0.7900, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360
Nearest support levels: 0.7700, 0.7600, 0.7500, 0.7200
The price of NZD/USD continues to steadily decline after failing to overcome the resistance level at 0.7700. It is worth noting that at the moment quotes reached the lower limit of the local rising channel. Breaking through the level of 0.7500 will be the basis for the continuation of the downward movement to 0.7400, 0.7310 and 0.7200. The growth of quotations is limited by the level of resistance at 0.7700 and the upper boundary of the rising channel. We expect a continuation of the downward movement, but in the near future do not exclude short-term growth.
Nearest resistance levels: 0.7600, 0.7700, 0.7800, 0.7850
Nearest support levels: 0.7500, 0.7400, 0.7310, 0.7200, 0.7000