30.12.2014 - Technical view
The price of EUR/USD after the rebound from the support level at 1.2165, renewed the downward movement and broke through a local minimum, and then continued to decline. In case of continuation of the current dynamics, quotes will reach the psychologically important level of 1.2000. Growth is limited by the resistance levels at 1.2250 and 1.2360, above which we recommend to set a stop. Our medium-term outlook remains negative and we recommend holding short positions.
Nearest resistance levels: 1.2165, 1.2250, 1.2360, 1.2500, 1.2560, 1.2600, 1.2700, 1.2825
Nearest support levels: 1.2000, 1.1860
The price of GBP/USD fell yesterday and almost reached the psychologically important support level at 1.5500. Continuation of falling prices in the near future is unlikely, and we expect the upward rebound. Consolidation below 1.5500, will be a confirmation of the signal for the opening short position with a stop above 1.5800. We expect the correction today and recommend to wait for a signal to open new positions.
Nearest resistance levels: 1.5750, 1.5800, 1.5960, 1.6000, 1.6200, 1.6300, 1.6400
Nearest support levels: 1.5500, 1.5300, 1.5000
The price of USD/JPY after an attempt of growth returned to the level of 120.00, and continues to consolidate around this mark. Falling the price is limited by the level of support at 119.00. The price volatility will remain minimal in the near future. We expect a continuation of the upward trend in the medium term and recommend holding long positions with the target at 122.00.
Nearest resistance levels: 122.00, 125.00
Nearest support levels: 120.00, 117.40, 115.00, 114.00, 113.00, 112.00, 110.00
The price of AUD/USD back to the sloping support line after was unable to continue the growth. At the moment, quotes move along the SMA 50 and are more likely will not be able to gain a foothold above. Volatility in the coming time will be low. We expect the resumption of the downward price movement and recommend holding short positions with a stop above 0.8360.
Nearest resistance levels: 0.8200, 0.8360, 0.8550, 0.8700, 0.8800, 0.8900, 0.9000
Nearest support levels: 0.8000, 0.7600, 0.7500
The price of NZD/USD has broken the upper limit of the downward channel and reached a local maximum at 0.7800. Fixing the price above this mark will be a signal to open long positions with short-term upside potential to 0.7910 and 0.8000. On the other hand, the medium-term trend remains negative and we recommend holding short positions with a stop above 0.7910. We maintain our medium-term negative outlook on the New Zealand dollar.
Nearest resistance levels: 0.7800, 0.7825, 0.7900, 0.8000, 0.8050, 0.8270, 0.8350
Nearest support levels: 0.7660, 0.7500, 0.7300