31.12.2014 - Technical view

The price of EUR/USD corrected upwards and now is trying to gain a foothold below the previous low at 1.2165. We expect further price decline after fixing prices below this level. Target level remains at 1.2000. We recommend holding short positions with a stop above 1.2360. We also maintain a medium-term negative view on the euro.

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 compensated the loss and now is consolidating above 1.5550. Reduction is limited by the level of 1.5500, a break of which will confirm the sell signal. In case of continued growth, the price can reach the mark of 1.5650, 15750 and 1.5800. We recommend to wait for the signal to open positions and expect low volatility in the near future.

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 a long consolidation corrected down and reached the level of support at 119.00. We expect the price rebound from this level. Overcoming 119,00 mark is unlikely. Our medium-term outlook remains positive and we recommend holding long positions with a stop below 119.00 and 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 increased to the level of 0.8200, but failed to gain a foothold above it and stabilized near this mark. In case of further increase, quotations may reach the level of 0.8400. According to our estimates, quotes will resume a downward price movement in the near future with a target near 0.8000. We also maintain a medium-term negative outlook and recommend holding short positions.

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 after consolidation above 0.7800, continued to grow and now is trying to gain a foothold above the resistance at 0.7825. In case of success quotes will reach the level of 0.7910. Despite the expectation of price growth in the near future, we keep a medium-term negative outlook with the target at 0.7500.

Nearest resistance levels: 0.7900, 0.8000, 0.8050, 0.8270, 0.8350

Nearest support levels: 0.7825, 0.7800, 0.7660, 0.7500, 0.7300

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