Technical Analysis

The NZD/USD pair is trading in the 0.6080-0.6115 range today, hitting near 4-month high. On the hourly chart, the pair remains above the MA (200) H1 moving average line (0.6040) and on the four-hour chart above the MA (200) H4 (0.5925). Technically speaking, the resistance at 0.6135 may keep prices from rising further. If this level is passed, the pair could rise to 0.6170. The lower boundary of 0.5995 represents a strong support le

• Resistances are at the marks: 0.6115-35, 0.6170, 0.6225

• An alternative scenario: 0.6060, 0.6030, 0.5995

The main scenario of the pair implies a break of resistance at 0.6135 (Aug 4 high, session high) and may be a rise to 0.6170 (Aug 2 high)

The alternative scenario implies a break of support  0.6060 (Nov 27 low) and MA (200) H1 (0.6040) may be a decline to 0.5995 (Nov 22 low).

Today the USD/JPY pair is trading in the 14795-148.85 range and on the hourly chart it fell slightly below the MA (200) H1 moving average line (149.20). On the four-hour chart, the situation is similar. Technically speaking, the resistance level of 150.00 may keep prices from further growth. If it is broken, the pair may rise to 150.80. The lower boundary of 147.15 represents a strong support level.

⦁ Resistance levels are: 149.80-150.00, 150.80, 151.45

⦁ Support levels are: 147.95, 147.00-15, 145.90

The main scenario for the pair suggests a break of the 147.95 session low and a possible decline to 147.00-15 (Sept 14 and Nov 22  lows)

The alternative scenario implies a break of the H1 MA (200) (149.20) and resistance at 149.80-150.00 (Nov 20 and 22-24 highs) and a possible rise to 150.80 (Nov 17 high).

Today, the USD/CHF pair is trading in the range of 0.8795-0.8820 - near a near 3-month low. On the hourly chart, USD/CHF fell below the MA (200) H1 moving average line (0.8840) and on the four-hour chart below the MA (200) H4 (0.8955). Technically speaking, the 0.8795 support level may keep prices from further declines. If this level is passed, the pair could fall to 0.8745. The upper boundary of 0.8900 represents a strong resistance level.

⦁ Resistance levels are: 0.8840-50, 0.8875, 0.8900

⦁ Support levels are: 0.8795, 0.8745, 0.8690

The main scenario for the pair implies a break of the support at 0.8795 (Sept 1 and Nov 24 low, session low) and may be a decline to 0.8745 (Aug 30 low).

The alternative scenario implies a break of resistance at 0.8840-50 (Nov 24 high, MA (200) H1) 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 range of 1.2605-45 - near the almost 3-month high. On the hourly chart, GBP / USD remains above the MA (200) H1(1.2525) moving average line and on the four-hour chart above the MA (200) H4 (1.2295). Technically speaking, the resistance level at 1.2645 may keep prices from rising further. In case it is broken, the pair may rise to 1.2710. The lower boundary of 1.2450 represents a strong support level.

⦁ Resistance levels are: 1.2645, 1.2710, 1.2750

⦁ Support levels are: 1.2590, 1.2525, 1.2450

The main scenario of the pair's advance suggests a break of the resistance at 1.2645 (Sept 4 and Nov 27 high) and there may be a rise to 1.2710 (Sept 1 high). 

The alternative scenario implies a break of support at 1.2590 (Nov 27 low) and maybe a decline to 1.2525 (Nov 24 low, MA (200) H1).

Today the EUR/USD pair is trading in the range of 1.0930-65 - near the 3-month high of 1.0965 reached last week. On the hourly chart, the pair is trading slightly above the MA (200) H1 moving average line (1.0910) and remains above the MA (200) H4 (1.0700) on the four-hour chart. Technically speaking, the resistance level at 1.0965 may keep prices from rising further. In case it is broken, the pair may rise to 1.1005. The lower boundary of 1.0825 represents a strong support level.

⦁ Resistance levels are: 1.0965, 1.1005, 1 1065

⦁ Support levels are: 1.0910-25, 1.0825-50, 1.0655

The main scenario for the pair suggests a break of resistance at 1.0965 (Nov 21 high, session high) and there could be a rise to 1.1005 (Aug 11 high) 

The alternative scenario implies a break of support at 1.0910-25 (Nov 27 low, MA (200) H1 may be a decline to 1.0825-50 (Nov 15-17 and 22 lows).

Yesterday, the USD/CAD traded lower and closed the day in the red zone around the price of 1.3615. Today the pair also fell slightly, dropping to 1.3600. On the hourly chart, USD/CAD is still trading below the moving average line MA (200) H1 (1.3695). 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: 1.3660, 1.3685, 1.3710
• Support levels are at: 1.3595, 1.3570-80, 1.3525

Probably, the main scenario is a continued decline to 1.3595 (Nov 24 low).

The alternative scenario is consolidation above the MA 200 H1 line, followed by growth to 1.3770 (Nov 17 high).

Yesterday, the AUD/USD traded higher and closed the day in the positive territory around the price of 0.6605. Today the pair also rose slightly, rising to 0.6630. On the hourly chart, AUD/USD is still trading above the moving average line MA (200) H1 (0.6545). 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: 0.6630, 0.6700-05, 0.6740-50
• Support levels are at: 0.6585, 0.6565, 0.6550

Probably, the main scenario is a continuation of the upward movement to 0.6630 (session high).

The alternative scenario is consolidation below MA 200 H1 with a subsequent decline to 0.6450 (Nov 17 low).

Yesterday, the XAU/USD traded higher and closed the day in the positive territory near the 2014 price. Today, gold also rose slightly, rising to the 2018 level. On the hourly chart, XAU/USD is still trading above the moving average line MA (200) H1 (1989) . The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the northern direction in trading and while gold remains above MA 200 H1, it may be necessary to look for entry points to buy when a correction is formed.

• Resistances levels are at: 2018, 2022, 2041
• Support levels are at: 2005, 1996, 1991

Probably, the main scenario is a continuation of the upward movement towards 2018 (session high).

The alternative scenario involves consolidation below MA 200 H1 with a subsequent decline to 1955 (Nov 15 low).

Yesterday, Brent oil traded mixed in the range of 79.40-81.45 and closed the day without significant changes. Today, oil was trading in a narrow range of 80.35-80.70, remaining close to yesterday's closing price. On the hourly chart, Brent is still trading below the moving average line MA (200) H1 (81.35). 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: 81.45, 82.40, 83.30-55
• Support levels are at: 79.40, 78.70, 77.10

Probably, the main scenario is a continued decline to 79.40 (Nov 27 low).

The alternative scenario involves consolidation above MA 200 H1 with subsequent growth to 84.55 (Nov 14 high).

Yesterday, the USD/JPY traded lower and closed the day in the red zone around the price of 148.65. Today the pair also fell slightly, dropping to 147.95. On the hourly chart, USD/JPY is still trading below the moving average line MA (200) H1 (149.35). 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: 149.30, 149.70, 150.00
• Support levels are at: 147.95, 147.15, 146.65

Probably, the main scenario is a continued decline to 147.95 (session low).

The alternative scenario involves consolidation above MA 200 H1, followed by growth to 151.40 (Nov 16 high).

Yesterday, the USD/CHF traded lower and closed the day in the red zone around the price of 0.8805. Today it was trading in a narrow range of 0.8795-05, remaining close to the August lows. On the hourly chart, USD/CHF is still trading below the moving average line MA (200) H1 (0.8840). 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: 0.8825, 0.8845, 0.8875
• Support levels are at: 0.8795, 0.8770, 0.8745

Probably, the main scenario is a continued decline to 0.8795 (Nov 27 low).

The alternative scenario is a final consolidation above the MA 200 H1 level, with subsequent growth to 0.8900 (Nov 16 high).

Yesterday, the GBP/USD traded higher and closed the day in the positive territory around the price of 1.2630. Today the pair was trading in a narrow range of 1.2620-40, remaining close to the highs of September. On the hourly chart, GBP/USD is still trading above the moving average line MA (200) H1 (1.2510). 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: 1.2645, 1.2710, 1.2735
• Support levels are at: 1.2590-00, 1.2560, 1.2525

Probably, the main scenario is continued growth to 1.2645 (Nov 27 high).

The alternative scenario is final consolidation below the MA 200 H1 level with a subsequent decline to 1.2375 (Nov 17 low).

Yesterday, the EUR/USD traded higher and closed the day in the positive territory around the price of 1.0955. Today the pair was trading in a narrow range of 1.0945-60, remaining near the weekly high. On the hourly chart, EUR/USD is still trading above the moving average line MA (200) H1 (1.0905). 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: 1.0965, 1.0985, 1.1005
• Support levels are at: 1.0925, 1.0895, 1.0850

Probably, the main scenario is continued growth to 1.0965 (Nov 21 high).

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