Technical Analysis

Today, the NZD/USD pair is trading in the 0.6145-75 range and is testing the MA (200) H1 moving average line (0.6155) on the hourly chart. On the four-hour chart, the pair remains above the MA (200) H4 (0.5995). Technically speaking, the resistance at 0.6190 may keep prices from rising further. If this level is passed, the pair could move up to 0.6220-25. The lower boundary of 0.6060 represents a strong support level.

• Resistances are at the marks: 0.6190, 0.6220-25, 0.6275

• An alternative scenario: 0.6115, 0.6060, 0.5995

The main scenario implies a break of resistance at 0.6190 (Dec 7 high) and a possible rise to 0.6220-25 (July 31 and Dec 4 high)

The alternative scenario implies a break of yesterday's low of 0.6115 and a decline to 0.6060 (Nov 27 low).

The USD/JPY pair is trading in the 142.50-144.70 range today, after dropping to a 4-month low of 141.55 yesterday. The pair broke the support at 146.20, which was the nearest resistance. On the hourly chart, the pair fell below the H1 (200) MA (146.90) middle line and on the four-hour chart below the H4 (200) MA (149.20). Technically speaking, the support level at 141.55 may keep prices from further declines. If it is broken, the pair may fall to 138.10. The upper boundary of 147.50 represents a strong resistance level.

⦁ Resistance levels are: 144.70, 146.20, 147.50

⦁ Support levels are: 141.55, 138.10, 137.25

The main scenario for the pair suggests a break of the support at 141.55 (Aug 4-7 and Dec 7 high) and a possible decline to 138.10 (July 28 low

The alternative scenario implies a break of the session high 144.70 and resistance 146.20 (Dec 4 low) and may be a rise to 147.50 (Dec 4-6 high)

Today, the USD/CHF pair is trading in the 0.8740-65 range, having retreated from the 4-month low of 0.8670 recorded on Monday. On the hourly chart, USD/CHF is testing the strength of the MA (200) H1 moving average line (0.8745) and remains below the MA (200) H4 (0.8895) on the four-hour chart. Technically speaking, the 0.8715 support level may keep prices from further declines. If this level is passed, the pair could fall towards 0.8660-70. The upper boundary of 0.8875 represents a strong resistance level.

⦁ Resistance levels are: 0.8760-70, 0.8830, 0.8875

⦁ Support levels are: 0.8715, 0.8660-70, 0.8550

The main scenario for the pair implies a break of the support at 0.8715 (Dec 5 low) and may be a decline to 0.8660-70 (July 28 and Dec 4 low)

An alternative scenario suggests a break of resistance 0.8785 (Nov 29 and Dec 7 highs) and there could be a rise to 0.8830 (Nov 27 high)

Today, the GBP / USD pair is trading in the range of 1.2555-1.2600, having reached a low of 1.2545 this week. On the hourly chart, GBP / USD has dipped slightly below the MA (200) H1(1.2630) moving average line, but remains above the MA (200) H4 (1.2405) on the four-hour chart. Technically speaking, the support level of 1.2525 may keep prices from further declines. In case of its breakdown, the pair may fall to 1.2450. The upper boundary of 1.2730 represents a strong resistance level.

⦁ Resistance levels are: 1.2615, 1.2650, 1.2730

⦁ Support levels are: 1.2525-45, 1.2450, 1.2375

The main scenario for the pair suggests a break of resistance at 1.2615 (Dec 7 high) and H1 MA (200) (1.2630) and maybe a rise to 1.2650 (Dec 5 high).

The alternative scenario implies a decline to 1.2525-45 (Nov 24 and Dec 7 lows) and then, maybe, to 1.2450 (Nov 23 low).

The EUR/USD pair is trading in the 1.0770-1.0800 range today, having reached a 3-week low of 1.0755 yesterday. On the hourly chart, the pair fell below the MA (200) H1 (1.0870) moving average line and is testing the MA (200) H4 (1.0770) on the four-hour chart. Technically speaking, the support level of 1.0755 may keep prices from further decline. In case of its breakdown, the pair may fall to 1.0655. The upper boundary of 1.0850 represents a strong resistance level.

⦁ Resistance levels are: 1.0820, 1.0850-70, 1 0915

⦁ Support levels are: 1.0755, 1.0655, 1.0520

The main scenario for the pair suggests a break of support at 1.0755 (Dec 7 low) and a possible decline to 1.0665 (Nov 10 low) 

The alternative scenario implies a break of resistance at 1.0820 (Dec 7 high) and a possible rise to 1.0850-70 (Dec 5 high, MA (200) H1).

Yesterday, the USD/CAD traded in different directions in the range of 1.3585-1.3620 and closed the day without significant changes. Today the pair fell slightly, dropping to 1.3570. On the hourly chart, USD/CAD is still testing resistance for strength - the moving average line MA (200) H1 (1.3570). 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: 1.3620-25, 1.3660, 1.3710
• Support levels are at: 1.3550, 1.3520, 1.3480

Probably, the main scenario is a resumption of decline towards 1.3550 (Dec 6 low).

The alternative scenario is consolidation above the MA 200 H1 line, followed by a rise to 1.3710 (Nov 24 high).

Yesterday, the AUD/USD traded higher and closed the day in the positive territory around the price of 0.6600. Today it also rose slightly, rising to 0.6620. On the hourly chart, AUD/USD is again trading above the moving average line MA (200) H1 (0.6605). 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: 0.6620, 0.6655, 0.6690
• Support levels are at: 0.6555-65, 0.6520, 0.6500

Probably, the main scenario is the resumption of the upward movement to 0.6620 (Dec 5 high).

The alternative scenario is consolidation below MA 200 H1 with a subsequent decline to 0.6500 (psychological level).

Yesterday, the XAU/USD traded in different directions in the range of 2019-2039 and closed the day without significant changes. On the hourly chart, XAU/USD is testing the strength of the support - the moving average line MA (200) H1 (2035). On the four-hour chart, gold remains above the MA 200 H4 line. 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: 2039, 2075, 2090
• Support levels are at: 2019, 2005-10, 1986-91

Probably, the main scenario is the resumption of upward movement by 2039 (Dec 7 high).

The alternative scenario involves consolidation below MA 200 H1 with a subsequent decline to 2005 (Nov 27 low).

Yesterday, Brent oil traded in different directions in the range of 73.90-75.70 and closed the day without significant changes. Today, oil rose slightly, rising to 75.60. On the hourly chart, Brent is still trading below the moving average line MA (200) H1 (79.45). 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 for the formation of a correction.

• Resistances levels are at: 77.05, 77.90, 79.35-80
• Support levels are at: 73.40-90, 71.60, 70.20

Probably, the main scenario is a subsequent decline to 73.90 (Dec 7 low).

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

Yesterday, the USD/JPY traded lower and closed the day in the red zone around the price of 144.10. Today the pair also fell slightly, dropping to 142.45. On the hourly chart, USD/JPY is still trading below the moving average line MA (200) H1 (147.05). 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: 145.30, 146.95, 147.50
• Support levels are at: 141.60, 140.70, 140.15

Probably, the main scenario is a continuation of the downward movement to 141.60 (Dec 7 low).

The alternative scenario involves consolidation above MA 200 H1, followed by growth to 148.85 (Nov 28 high).

Yesterday, the USD/CHF pair traded in different directions in the range of 0.8725-0.8780 and closed the day without significant changes. Today the pair was trading in a narrow range of 0.8745-55, remaining close to yesterday's closing price. On the hourly chart, USD/CHF is testing the strength of resistance - the moving average line MA (200) H1 (0.8745). 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: 0.8780, 0.8820-25, 0.8845
• Support levels are at: 0.8700-15, 0.8660-65, 0.8615

Probably, the main scenario for the pair’s progress is a resumption of decline to 0.8715 (Dec 5 low).

The alternative scenario is a final consolidation above the MA 200 H1 level, with subsequent growth to 0.8850 (Nov 24 high).

Yesterday, the GBP/USD traded higher and closed the day in the positive territory around the price of 1.2585. Today the pair was trading in a narrow range of 1.2580-00, remaining close to yesterday's closing price. On the hourly chart, GBP/USD is still trading below the moving average line MA (200) H1 (1.2635). 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 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: 1.2610, 1.2650, 1.2685
• Support levels are at: 1.2545, 1.2525, 1.2505

Probably, the main scenario is a continued decline to 1.2545 (the low of the European session on Nov 24).

The alternative scenario implies a final consolidation above the MA 200 H1 level with subsequent growth to 1.2730 (Nov 29 high).

Yesterday, the EUR/USD traded higher and closed the day in the positive territory around the price of 1.0795. Today the pair was trading in a narrow range of 1.0785-00, remaining close to yesterday's closing price. On the hourly chart, EUR/USD is still trading below the moving average line MA (200) H1 (1.0875). 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: 1.0815, 1.0840-45, 1.0880
• Support levels are at: 1.0755, 1.0700, 1.0665

Probably, the main scenario is a continued decline to 1.0755 (Dec 7 low).

The alternative scenario involves consolidation above MA 200 H1, followed by growth to 1.1015 (Nov 29 high).