Technical Analysis

Today, the NZD/USD pair is trading in the 0.6145-95 range - slightly below the 4-month high of 0.6210 reached this week. On the hourly chart, the pair remains above the MA (200) H1 (0.6100) moving average line and on the four-hour chart above the MA (200) H4 (0.5950). Technically speaking, the resistance at 0.6210-25 may keep prices from rising further. If this level is passed, the pair could rise towards 0.6275. The lower boundary of 0.6060 represents a strong support level.

• Resistances are at the marks: 0.6210-25, 0.6275, 0.6310

• An alternative scenario: 0.6100-20, 0.6060, 0.5995

The main scenario of the pair suggests a break of resistance at 0.6210-25 (July 31 and Nov 29 highs) and a possible rise to 0.6275 (July 27 high)

Alternative scenario implies a break of support 0.6100-20 (Nov 30 low, MA (200) H1) and there may be a decline to 0.6060 (Nov 27 low).

Today the pair USD/JPY is trading in the range of 147.60-148.30 and on the hourly chart it is testing the moving average line of MA (200) H1 (148.35). On the four-hour chart, the situation is similar. Technically speaking, the support level of 146.65 may keep prices from further decline. In case of its breakdown, the pair may fall to 145.90. The upper boundary of 150.00 represents a strong resistance level.

⦁ Resistance levels are: 148.80, 149.20-150.00, 150.80

⦁ Support levels are: 147.60, 146.65, 145.90

The main scenario for the pair suggests a breakout of the 147.60 session low and a possible decline to 146.65 (Nov 29 low)

The alternative scenario implies a break of resistance at 148.80 (Nov 28 high) and a possible rise to 149.20-150.00 (Nov 20 and 22-24 highs).

Today, the USD/CHF pair is trading in the 0.8730-60 range - slightly above the 4-month low of 0.8685 reached yesterday. On the hourly chart, USD/CHF fell below the MA (200) H1 moving average line (0.8800) and on the four-hour chart below the MA (200) H4 (0.8930). Technically speaking, the 0.8685 support level may keep prices from further declines. If this level is passed, the pair could fall towards 0.8660. The upper boundary of 0.8900 represents a strong resistance level.

It should be noted that the 14-day relative strength index (RSI (14) on D1), is below the level of 30, which signals a possible change in the direction of price movement.

⦁ Resistance levels are: 0.8830, 0.8875, 0.8900

⦁ Support levels are: 0.8685, 0.8660, 0.8550

The main scenario for the pair implies a break of yesterday's low of 0.8685 and may be a decline to 0.8660 (July 28 low).

The alternative scenario implies a break of resistance at 0.8830 (Nov 27 high) and 0.8875 (Nov 22 high) and could be a rise to 0.8900 (Nov 15-16 high).

Today, the GBP / USD pair is trading in the 1.2605-70 range - slightly below the 3-month high of 1.2735 recorded this week. On the hourly chart, GBP / USD remains slightly above the MA (200) H1(1.2500) moving average line and on the four-hour chart above the MA (200) H4 (1.2340). Technically speaking, the resistance level at 1.2730 may keep prices from rising further. If it is broken, the pair may move towards 1.2765. The lower boundary of 1.2525 is a strong resistance level.

⦁ Resistance levels are: 1.2730, 1.2765, 1.2800

⦁ Support levels are: 1.2590-1.2600, 1.2525, 1.2450

The main scenario for the pair suggests a break of the resistance at 1.2730 (Nov 29 high) and maybe a rise to 1.2765 (Aug 23 high) 

The alternative scenario implies a break of the support at 1.2590-1.2600 (Nov 27-28 and 30 lows, MA (200) H1) and a possible decline to 1.2525 (Nov 24 low).

The EUR/USD pair is trading in the 1.0880-1.0910 range today, having retreated from the over 3-month high of 1.1020 yesterday. On the hourly chart, the pair dipped slightly below the H1 MA (200) H1 moving average line (1.0935), but remains above the H4 MA (200) H4 (1.0740) on the four-hour chart. Technically speaking, the support level of 1.0825 may keep prices from further declines. In case of its breakdown, the pair may fall to 1.0655. The upper boundary of 1.1020 represents a strong resistance level.

⦁ Resistance levels are: 1.0935, 1.1020, 1 1065

⦁ Support levels are: 1.0825-50, 1.0655, 1.0520

The main scenario of the pair's advance assumes a break of the MA (200) H1 (1.0935) and there may be a rise to 1.1020 (Nov 29 high)

The alternative scenario implies a break of support at 1.0825-50 (Nov 15-17 and 22 lows) and a possible decline to 1.0655 (Nov 8-10 low).

Yesterday, the USD/CAD traded lower and closed the day in the red zone around the price of 1.3560. Today the pair also fell slightly, dropping to 1.3535. On the hourly chart, USD/CAD is still trading below the moving average line MA (200) H1 (1.3640). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the southern direction in trading and while the pair remains below MA 200 H1, it may be necessary to look for entry points to sell at the end of the correction.

• Resistances levels are at: 1.3590, 1.3625, 1.3660
• Support levels are at: 1.3525-35, 1.3500, 1.3415

Probably, the main scenario is a continued decline to 1.3535 (session low).

The alternative scenario is consolidation above the MA 200 H1 line, followed by growth to 1.3765 (Nov 22 high).

Yesterday, the AUD/USD traded lower and closed the day in the red zone around the price of 0.6605. Today the pair was trading in a narrow range of 0.6600-30, remaining close to yesterday's closing price. On the hourly chart, AUD/USD is testing the strength of support - the moving average line MA (200) H1 (0.6585). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the north direction in trading and while the pair remains above MA 200 H1, may be you need to look for entry points to buy at the end of the correction.

• Resistances levels are at: 0.6650, 0.6675, 0.6700-05
• Support levels are at: 0.6565-70, 0.6550, 0.6520

Probably, the main scenario is the resumption of the upward movement to 0.6650 (Nov 30 high).

The alternative scenario is consolidation below MA 200 H1 with a subsequent decline to 0.6520 (Nov 22 low).

Yesterday, the XAU/USD traded lower and closed the day in the red zone around the price of 2035. Today, gold rose slightly, rising to around 2043. On the hourly chart, XAU/USD is still trading above the moving average line MA (200) H1 (2011). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the north direction in trading and while gold remains above MA 200 H1, may be you need to look for entry points to buy at the end of the correction.

• Resistances levels are at: 2049-51, 2059-62, 2070
• Support levels are at: 2031, 2011, 2005

Probably, the main scenario is the continuation of the upward movement to 2049 (the high of the American session on Nov 29).

The alternative scenario involves consolidation below MA 200 H1 followed by a decline to 1965 (Nov 20 low).

Yesterday, Brent oil traded lower and closed the day in the red zone around the price of 80.75. Today, oil was trading in a narrow range of 80.45-81.10, remaining close to yesterday's closing price. On the hourly chart, Brent is again trading below the moving average line MA (200) H1 (81.60). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the southern direction in trading and while Brent remains below MA 200 H1, it may be necessary to look for entry points to sell at the end of the correction.

• Resistances levels are at: 82.25, 84.90, 85.85
• Support levels are at: 80.05, 79.40, 78.70

Probably, the main scenario is a continuation of the decline to 80.05 (Nov 28 low).

The alternative scenario involves consolidation above MA 200 H1 with subsequent growth to 84.90 (Nov 30 high).

Yesterday, the USD/JPY traded higher and closed the day in the positive territory around the price of 148.20. Today the pair was trading in the range of 147.60-148.25, remaining close to yesterday's closing price. On the hourly chart, USD/JPY is testing the strength of resistance - the moving average line MA (200) H1 (148.40). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the southern direction in trading and while the pair remains below MA 200 H1, it may be necessary to look for entry points to sell at the end of the correction.

• Resistances levels are at: 148.70-80, 149.30, 149.70
• Support levels are at: 147.20, 146.65, 146.40

Probably, the main scenario is a continued decline to 147.20 (the low of the American session on Nov 30).

The alternative scenario involves consolidation above MA 200 H1, followed by growth to 149.70 (Nov 24 high).

Yesterday, the USD/CHF traded higher and closed the day in the positive territory around the price of 0.8750. Today the pair was trading in a narrow range of 0.8735-55, remaining close to yesterday's closing price. On the hourly chart, USD/CHF is still trading below the moving average line MA (200) H1 (0.8805). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the southern direction in trading and while the pair remains below MA 200 H1, may be it is necessary to look for entry points to sell for the formation of a correction.

• Resistances levels are at: 0.8770-85, 0.8820-25, 0.8845
• Support levels are at: 0.8685, 0.8660-65, 0.8615

Probably, the main scenario is a continued decline to 0.8685 (Nov 30 low).

The alternative scenario is a final consolidation above the MA 200 H1 level, with subsequent growth to 0.8875 (Nov 22 high).

Yesterday, the GBP/USD traded lower and closed the day in the red zone around the price of 1.2625. Today, on the contrary, the pair has grown slightly, rising to the level of 1.2655. On the hourly chart, GBP/USD is still trading above the moving average line MA (200) H1 (1.2595). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the north direction in trading and while the pair remains above MA 200 H1, may be you need to look for entry points to buy at the end of the correction.

• Resistances levels are at: 1.2675, 1.2710, 1.2730-45
• Support levels are at: 1.2605, 1.2560, 1.2525

Probably, the main scenario is continued growth to 1.2675 (the high of the American session on Nov 30).

The alternative scenario implies a final consolidation below the MA 200 H1 level with a subsequent decline to 1.2450 (Nov 22 low).

Yesterday, the EUR/USD traded lower and closed the day in the red zone around the price of 1.0890. Today it has grown slightly, rising to the level of 1.0910. On the hourly chart, EUR/USD is testing the strength of support - the moving average line MA (200) H1 (1.0935). On the four-hour chart, the pair still remains above the MA 200 H4 line. Based on the above, it is probably worth sticking to the north direction in trading and while the pair remains above MA 200 H1, may be you need to look for entry points to buy at the end of the correction.

• Resistances levels are at: 1.0950, 1.0995, 1.1015
• Support levels are at: 1.0880, 1.0850, 1.0825

Probably, the main scenario is a resumption of growth to 1.0950 (the high of the American session on Nov 30).

The alternative scenario involves consolidation below MA 200 H1, followed by a decline to 1.0825 (Nov 17 low).