Technical Analysis

Today, the NZD/USD pair is trading in the 0.5935-75 range after reaching a new 3-week high of 0.5990 on Friday. On the hourly chart, the pair is testing the MA (200) H1 moving average line (0.5935). On the four-hour chart, the situation is similar. Technically speaking, the resistance level at 0.5990 may keep prices from further growth. The lower boundary of 0.5890 represents a strong support level.

• Resistances are at the marks: 0.5990, 0.6015, 0.6120

• An alternative scenario: 0.5920-35, 0.5890, 0.5860

The main scenario of the pair suggests a break of resistance at 0.5990 (Sept 22 high) and a possible rise to 0.6015 (Sept 1 high)

The alternative scenario implies support at 0.5920-35 (Sept 22 low, MA (200) H1, session low) and there could be a decline to 0.5890 (Sept 15-18 low)

Today, the USD/JPY pair is trading in the range of 148.70-149.20 - near a new 11-month high. On the hourly chart, the pair moved above the MA (200) H1 moving average line (147.95) and on the four-hour chart above the MA (200) H4 (146.60). Technically speaking, resistance at 149.20 may keep prices from rising further. If this level is passed, the pair could rise to 149.60. The lower boundary of 147.00 represents a support level.

⦁ Resistance levels are: 149.20, 149.60, 152.00

⦁ Support levels are: 147.95, 147.30, 147.00

The main scenario for the pair suggests a break of the session high of 149.20 and may be a rise to 149.60 (Oct 24’ 2022 high)

The alternative scenario implies a break of the H1 MA (200) (147.95), and there may be a decline to 147.30 (Sept 21 low).

The USD/CHF pair is trading in the 0.9120-50 range today, having reached an almost 4-month high. The pair broke through 0.9080 resistance, which was the nearest support. On the hourly chart, the pair moved above the MA (200) H1(0.9010) moving average line and on the four-hour chart above the MA (200) H4 (0.8880). Technically speaking, resistance at 0.9150 may keep prices from rising further. If this level is passed, the pair could rise to 0.9195. The lower boundary of 0.9010-20 represents a support level.

⦁ Resistance levels are: 0.9150, 0.9195, 0.9225

⦁ Support levels are: 0.9080, 0.9010-20, 0.8985

The main scenario of the pair's advance implies a break of the resistance at 0.9150 (May 31 high, session high) and there could be a rise to 0.9195 (April 3 high).

The alternative scenario implies a break of 0.9080 support (Sept 21 high) and may be a decline to 0.9010-20 (low of the US session on Sept 21, MA (200) H1)

Today, the GBP / USD pair is trading in the range of 1.2165-1.2115, having reached a new 6-month low. On the hourly chart, the pair fell below the MA (200) H1(1.2340) moving average line. On the four-hour chart, the pair remains below the MA (200) H4(1.2560). Technically speaking, the support level at 1.2165 may keep prices from further declines. In case it is broken, the pair may fall to 1.2100. The upper boundary of 1.2450 represents a strong resistance level.

⦁ Resistance levels are: 1.2250, 1.2340, 1.2425-50

⦁ Support levels are: 1.2165, 1.2100, 1.2010

The main scenario for the pair suggests a break of the session low of 1.2165 (March 20 low) and there could be a decline to 1.2100 (March 17 low).

The alternative scenario implies a break of resistance 1.2250 (Sept 25 high) and MA (200) H1(1.2370) and there could be a rise to 1.2425-50 (Sept 15 and 19-20 highs).

Today, the EUR/USD pair is trading in the range of 1.0570-1.0605 - near a new 6-month low. The pair broke the support at 1.0615, which was the nearest resistance. On the hourly chart, the pair dipped below the MA (200) H1 moving average line (1.0660), and on the four-hour chart, it consolidated below the MA (200) H4 (1.0785). Technically speaking, the support level of 1.0570 may keep prices from further decline. In case of its breakdown, the pair may fall to 1.0520. The upper boundary of 1.0660-75 represents a strong resistance level.

⦁ Resistance levels are: 1.0615, 1 0660-75, 1.0740

⦁ Support levels are: 1.0570, 1.0520, 1.0480

The main scenario for the pair suggests a breakout of the session low of 1.0570 and a possible decline to 1.0520 (March 15 low)

The alternative scenario implies a break of 1.0615 (Sept 21-22 low) and maybe a rise to 1.0660-75 (Sept 21-22 high, MA (200) H1).

Yesterday, the USD/CAD traded lower and closed the day in the red zone around the price of 1.3455. Today, on the contrary, the pair has grown slightly, rising to the level of 1.3480. On the hourly chart, USD/CAD is testing the strength of resistance - the moving average line MA (200) H1 (1.3485). On the four-hour chart, the pair still remains below the MA 200 H4 line. 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: 1.3490, 1.3520, 1.3550
• Support levels are at: 1.3425, 1.3395, 1.3375

Probably, the main scenario is a resumption of decline to 1.3425 (Sep 22 low).

The alternative scenario is consolidation above the MA 200 H1 line, followed by growth to 1.3585 (Sep 13 high).

Yesterday, the AUD/USD traded lower and closed the day in the red zone around the price of 0.6425. Today it was trading in a narrow range of 0.6415-30, remaining close to yesterday's closing price. On the hourly chart, AUD/USD is still trading below the moving average line MA (200) H1 (0.6435). 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 for the formation of a correction.

• Resistances levels are at: 0.6445, 0.6465-70, 0.6510
• Support levels are at: 0.6405, 0.6380-85, 0.6360

Probably, the main scenario is a continuation of the downward movement to 0.6405 (Sep 25 low).

The alternative scenario is consolidation above MA 200 H1 with subsequent growth to 0.6510 (Sep 20 high).

Yesterday, the XAU/USD traded lower and closed the day in the red zone around the price of 1915. Today, gold also fell slightly, falling to the level of 1912. On the hourly chart, XAU/USD is again trading below the moving average line MA (200) H1 (1922). 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 gold remains below MA 200 H1, it may be necessary to look for entry points to sell for the formation of a correction.

• Resistances levels are at: 1926-29, 1947, 1952
• Support levels are at: 1913, 1900-01, 1884-89

Probably, the main scenario is a continuation of the downward movement to $1913 (session low).

The alternative scenario involves a breakout of the MA 200 H1 level followed by growth to $1947 (Sep 20 high).

Yesterday, Brent crude oil traded lower and closed the day in the red zone around the price of 93.30. Today, oil also fell slightly, dropping to 92.85. On the hourly chart, Brent is testing the strength of support - the moving average line MA (200) H1 (93.65). On the four-hour chart, oil 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 Brent remains above MA 200 H1, may be you need to look for entry points to buy at the end of the correction.

• Resistances are at: 94.25, 94.70-80, 96.05-40
• Support levels are located at: 91.85-30, 90.90, 90.35-50

Probably, the main scenario is a resumption of growth to 94.25 (Sep 25 high).

The alternative scenario involves consolidation below MA 200 H1 with a subsequent fall to 90.90 (Sep 12 low).

Yesterday, the USD/JPY traded higher and closed the day in the positive territory around the price of 148.85. Today the pair also rose slightly, rising to 148.95. On the hourly chart, USD/JPY is still trading above the moving average line MA (200) H1 (147.90). 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 the MA 200 H1, may be you need to look for entry points to buy when a correction is formed.

• Resistances levels are at: 148.95, 149.45, 149.75
• Support levels are at: 148.30, 147.90-95, 147.30

Probably, the main scenario is continued growth to 148.95 (session high).

The alternative scenario is consolidation below MA 200 H1, followed by a fall to 147.00 (Sep 14 low).

Yesterday, the USD/CHF pair traded higher and closed the day in the positive territory around the price of 0.9120. Today the pair also rose, rising to 0.9135. On the hourly chart, USD/CHF is still trading above the moving average line MA (200) H1 (0.9000). 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 the MA 200 H1, may be you need to look for entry points to buy when a correction is formed.

• Resistances levels are at: 0.9135-45, 0.9160, 0.9195
• Support levels are at: 0.9075-85, 0.9045, 0.9020

Probably, the main scenario is continued growth to 0.9135 (session high).

The alternative scenario is a final consolidation below the MA 200 H1 level, followed by a fall to 0.8915 (Sep 14 low).

Yesterday, the GBP/USD traded lower and closed the day in the red zone around the price of 1.2210. Today the pair also fell slightly, dropping to 1.2195. On the hourly chart, GBP/USD is still trading below the moving average line MA (200) H1 (1.2350). 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 for the formation of a correction.

• Resistances levels are at: 1.2250, 1.2285, 1.2330
• Support levels are at: 1.2180-95, 1.2105-15, 1.2010-25

Probably, the main scenario is a continuation of the fall to 1.2195 (session low).

The alternative scenario is a final consolidation above the MA 200 H1 level with subsequent growth to 1.2505 (Sep 14 high).

Yesterday, the EUR/USD traded lower and closed the day in the red zone around the price of 1.0590. Today the pair also fell slightly, dropping to 1.0580. On the hourly chart, EUR/USD is still trading below the moving average line MA (200) H1 (1.0665). 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 for the formation of a correction.

• Resistances levels are at: 1.0640, 1.0670, 1.0690
• Support levels are at: 1.0575, 1.0550, 1.0500-15

Probably, the main scenario is a continued decline to 1.0575 (Sep 25 low).

The alternative scenario involves consolidation above MA 200 H1, followed by growth to 1.0770 (Sep 12 high).