Technical Analysis

The NZD/USD pair is mostly rising from 0.5960 to 6050 today, hitting a 7-week high. The pair broke through 0.5990 resistance, which was the nearest support. On the hourly chart, the pair rose above the MA (200) H1 moving average (0.5950). On the four-hour chart, the situation is similar. Technically speaking, the resistance level at 0.6050 may keep prices from rising further. The lower boundary of 0.5890 represents a strong support level.

• Resistances are at the marks: 0.6050, 0.6130, 0.6170

• An alternative scenario: 0.5990, 0.5950, 0.5890-0.5900

The main scenario of the pair movement assumes a break of the session maximum of 0.5990 and may be growth to 0.6130 (August 4 high).

The alternative scenario implies a decline to 0.5890-0.5900 (Sept 15-16, 21 and 27 lows).

The USD/JPY pair fell from 149.50 to 148.50 in early trading today, but rallied to 149.30 during the European session. The pair remains near the 11-month high of 149.70 reached on Wednesday. On the hourly chart, the pair is testing the MA (200) H1 moving average line (148.55) but remains above the MA (200) H4 (147.00) on the four-hour chart. Technically speaking, resistance at 149.70 may keep prices from rising further. If this level is passed, the pair could rise to 152.00. The lower boundary of 147.30 represents a support level.

⦁ Resistance levels are: 149.70, 152.00, 153.00

⦁ Support levels are: 148.50, 147.30, 147.00

The main scenario for the pair suggests a break of resistance at 149.70 (Sept 27 high) and there could be a rise to 152.00 (Oct 21’ 2022 high).

The alternative scenario implies a break of the session low of 148.50 and maybe a decline to 147.30 (Sept 21 low)

The USD/CHF pair is trading in the 0.9090-0.9190 range today after hitting a new 6-month high of 0.9225 on Wednesday. On the hourly chart, the pair remains slightly above the MA (200) H1(0.9085) moving average line and on the four-hour chart above the MA (200) H4 (0.8915). Technically speaking, 0.9085-90 support could keep prices from going lower. If this level is passed, the pair could fall to 0.9040. The upper boundary of 0.9225 represents a resistance level.

⦁ Resistance levels are: 0.9225-45, 0.9315, 0.9340

⦁ Support levels are: 0.9085-90, 0.9040, 0.8985

The main scenario for the pair implies a break of resistance at 0.9225-45 (March 22 and 28-29, Sept 27 high) and there could be a rise to 0.9315 (March 21 high).

The alternative scenario suggests a break of the session low of 0.9090 and MA (200) H1(0.9085) and there could be a decline to 0.9040 (Sept 21 low)

Today, the GBP / USD pair is mostly rising in the 1.2190-1.2270 range, further retreating from the 6-month low of 1.2110 reached on Wednesday. On the hourly chart, the pair is testing the MA (200) H1(1.2250) moving average line. On the four-hour chart, GBP / USD remains below the MA (200) H4 (1.2510). Technically speaking, the resistance level at 1.2270 may keep prices from rising further. If it is broken, the pair could rise to 1.2335. The lower boundary of 1.2110 represents a strong support level.

⦁ Resistance levels are: 1.2270, 1.2335, 1.2425-50

⦁ Support levels are: 1.2190, 1.2110, 1.2010

The main scenario for the pair suggests a break of support at 1.2190 (Sept 25 low, session low) and may be a decline to 1.2110 (Sept 27 low).

The alternative scenario implies a break of the session high of 1.2270 and may be a rise to 1.2335 (Sept 20 low, high of the European session on Sept 21).

The EUR/USD pair is mostly rising today from 1.0560 to 1.0615, having retreated from the 8-month low of 1.0490 reached on Wednesday. On the hourly chart, the pair is testing the strength of the MA (200) H1 moving average line (1.0615). If this level is broken, the pair may rise to 1.0675. On the four-hour chart, the pair has consolidated below the MA (200) H4 (1.07500). The lower boundary of 1.0490 represents a strong support level.

⦁ Resistance levels are: 1.0615, 1 0675, 1.0740

⦁ Support levels are: 1.0560, 1.0490, 1.0440

The main scenario for the pair suggests a breakout of the session low of 1.0560 and may be a decline to 1.0490 (Sept 27-28 low).

The alternative scenario implies a breakout of the session high of MA (200) H1 (1.0630) and there may be a rise to 1.0675 (Sept 21-22 high).

Yesterday, the USD/CAD traded in different directions in the range of 1.3470-1.3515 and closed the day without significant changes. Today the pair was trading in a narrow range of 1.3475-05, remaining close to yesterday's closing price. On the hourly chart, USD/CAD is still testing resistance for strength - the moving average line MA (200) H1 (1.3475). 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 H4, it may be necessary to look for entry points to sell at the end of the correction.

• Resistances levels are at: 1.3515, 1.3540-50, 1.3585
• Support levels are at: 1.3470, 1.3450, 1.3425

Probably, the main scenario is a resumption of decline to 1.3470 (Sep 28 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 higher and closed the day in the positive territory around the price of 0.6425. Today the pair also rose slightly, rising to 0.6460. On the hourly chart, AUD/USD is testing the strength of resistance - the moving average line MA (200) H1 (0.6420). 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: 0.6465, 0.6510-20, 0.6560
• Support levels are at: 0.6410, 0.6385, 0.6365

Probably, the main scenario is a resumption of decline to 0.6410 (session 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 1864. Today, gold also fell slightly, falling to the level of 1862. On the hourly chart, XAU/USD is still trading below the moving average line MA (200) H1 (1912) . 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: 1879, 1889, 1899-03
• Support levels are at: 1854-57, 1827-31, 1809-11

Probably, the main scenario is a continuation of the downward movement to $1857 (Sep 28 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 94.40. Today, oil rose slightly, rising to 94.65. On the hourly chart, Brent is still trading above the moving average line MA (200) H1 (94.15). 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 Brent 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: 95.45, 96.60, 97.70
• Support levels are at: 93.75, 92.40, 91.80

Probably, the main scenario is a resumption of growth to 95.45 (the high of the American session on Sep 28).

The alternative scenario involves consolidation below MA 200 H1 followed by a fall to 91.80 (Sep 26 low).

Yesterday, the USD/JPY traded lower and closed the day in the red zone around the price of 149.25. Today, on the contrary, the pair has grown slightly, rising to the level of 149.45. On the hourly chart, USD/JPY is still trading above the moving average line MA (200) H1 (148.50). 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: 149.70, 150.00, 151.00
• Support levels are at: 149.15, 148.70-80, 148.30

Probably, the main scenario is continued growth to 149.70 (Sep 27 high).

The alternative scenario is consolidation below MA 200 H1, followed by a fall to 147.30 (Sep 21 low).

Yesterday, the USD/CHF traded lower and closed the day in the red zone around the price of 0.9150. Today the pair also fell slightly, dropping to 0.9135. However, on the hourly chart, USD/CHF is still trading above the moving average line MA (200) H1 (0.9075). 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: 0.9195, 0.9225, 0.9245
• Support levels are at: 0.9120, 0.9075-85, 0.9045

Probably, the main scenario is continued growth to 0.9195 (the high of the American session on Sep 28).

The alternative scenario is a final consolidation below the MA 200 H1 level, followed by a fall to 0.8930 (Sep 20 low).

Yesterday, the GBP/USD traded higher and closed the day in positive territory around the price of 1.2200. Today the pair also rose slightly, rising to 1.2225. However, on the hourly chart, GBP/USD is still trading below the moving average line MA (200) H1 (1.2255). 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: 1.2250, 1.2285, 1.2330
• Support levels are at: 1.2175, 1.2110-20, 1.2010-25

Probably, the main scenario is a resumption of the fall to 1.2175 (the low of the American session on Sep 28).

An alternative scenario is a final consolidation above the MA 200 H1 level with subsequent growth to 1.2425 (Sep 19 high).

Yesterday, the EUR/USD traded higher and closed the day in the positive territory around the price of 1.0565. Today the pair also rose slightly, rising to 1.0580. However, on the hourly chart, EUR/USD is still trading below the moving average line MA (200) H1 (1.0620). 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: 1.0605, 1.0640, 1.0670
• Support levels are at: 1.0520, 1.0480-90, 1.0430-45

Probably, the main scenario is a continued decline to 1.0520 (the low of the American session on Sep 28).

The alternative scenario is consolidation above MA 200 H1, followed by growth to 1.0745 (Sep 14 high).