31.03.2015 - Technical view

The price of EUR/USD has broken through the lower boundary of the ascending channel and tries to gain a foothold below the support level at 1.0800. In case of success, quotes will continue to decline with the first targets at 1.0700 and 1.0500. Growth is limited by the level of local maximum at 1.1050. We recommend holding short positions on the euro with a stop above 1.1050 and maintain a medium-term negative outlook.

Nearest resistance levels: 1.0800, 1.0900, 1.1000, 1.1100, 1.1280, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.0700, 1.0500, 1.0400, 1.0100

The price of GBP/USD gradually decreases under the inclined resistance line and according to our forecasts in the near future will reach 1.4700. The breaking of this level will be the basis for the continuation of the downward movement to 1.4500. Signal about the change of the negative trend to positive, will be fixing the price above the level of 1.5000. We maintain our medium-term negative outlook and look forward to continuing this downward trend in the near future.

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 after some consolidation above the level of 119.00, continued to grow and now is trying to gain a foothold above the level of 120.00. In case of correction, quotations may return to the level of 119.50. According to our forecasts, more likely is the continued growth of quotations in the near future to the levels of 121.00 and 122.00. Our medium-term outlook remains positive and we recommend holding long positions with a stop below 118.50 and objectives at 124.00 and 125.00.

Nearest resistance levels: 120.50, 122.00, 125.00

Nearest support levels: 119.50, 118.50, 117.40, 116.00, 115.00, 114.00

The price of AUD/USD continues to decline and approached the important support level at 0.7600. Overcoming this mark will be the basis for the continuation of the downward price movement to 0.7500. In case of correction, quotations may grow to 0,7700-0,7740. Our medium-term outlook is negative and we recommend holding short positions with a stop above 0.7900.

Nearest resistance levels: 0.7700, 0.7850, 0.7900, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7600, 0.7500, 0.7200

The price of NZD/USD continues to decrease gradually along the bottom of the local descending channel. At the moment, the price reached an important level of 0.7500 and in the case of fixing the quotations below this level, the decline will continue to 0.7400 and 0.7200. In case of correction, quotations may rise to 0.7600. We recommend holding short positions with a stop above the level of 0.7700 and target at 0.7200. To determine the direction of movement in the mid-term we need new signals.

Nearest resistance levels: 0.7500, 0.7600, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7400, 0.7310, 0.7200, 0.7000

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