Technical Analysis

Today, the NZD/USD pair is mostly declining from 0.6010 to 0.5965, retreating from the 7-week high of 0.6050 reached last week. On the hourly chart, the pair remains above the MA (200) H1 moving average (0.5955). On the four-hour chart, the situation is similar. Technically speaking, the level of MA (200) H1 (0.5955) may keep prices from further decline. If this level is passed, the pair may fall to 0.5890-0.5900. The upper boundary of 0.6050 represents a strong resistance level.

• Resistances are at the marks: 0.6010, 0.6050, 0.6130

• An alternative scenario: 0.5955, 0.5890-0.5900, 0.5860

The main scenario of the pair movement assumes a break of the session high of 0.6010 and there may be a rise to 0.6050 (Sept 29 high).

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

The USD/JPY pair is trading in the 149.40-85 range today, having reached a near one-year high. On the hourly chart, the pair moved slightly above the moving average line MA (200) H1 (148.75) and on the four-hour chart it remains above the H4 MA (200) H4 (147.15). Technically speaking, resistance at 149.85 may keep prices from rising further. If this level is passed, the pair could rise to 152.00. The lower boundary of 148.80 represents a support level.

⦁ Resistance levels are: 149.85, 152.00, 153.00

⦁ Support levels are:  149,15, 148,50, 147.30

The main scenario for the pair suggests a break of the session high of 149.85 and a possible rise to 152.00 (October 21’ 2022 high)

The alternative scenario implies a decline to 148.50 (Sept 29 low)

Today, the USD/CHF pair is trading in the 0.9110-65 range - slightly below the 6-month high of 0.9225 reached last week. On the hourly chart, the pair remains slightly above the MA (200) H1(0.9105) moving average line and on the four-hour chart above the MA (200) H4 (0.8925). Technically speaking, the 0.9090 support could keep prices from falling. 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: 0.9165, 0.9225-45, 0.9315

⦁ Support levels are:  0.9090, 0.9040, 0.8985

The main scenario for the pair implies a break of the session high of 0.9165 and may be a rise to 0.9225-45 (March 22 and 28-29, Sept 27 highs).

The alternative scenario implies a break of 0.9090 support (Sept 29 low) and may be a decline to 0.9040 (Sept 21 low)

Today, the GBP / USD pair is trading in the range of 1.2150-1.2220, but remains slightly above the 6-month low of 1.2110 reached last week. On the hourly chart, the pair is trading slightly below the MA (200) H1(1.2230) moving average line. On the four-hour chart, GBP / USD remains below the MA (200) H4 (1.2495). Technically speaking, the support level of 1.2110 may keep prices from further declines. In case of its breakdown, the pair may fall to 1.2220. The upper boundary of 1.2270 represents a strong resistance level. The most probable range of price movement today may be hidden within the range of 1.2110-1.2270.

⦁ Resistance levels are: 1.2220, 1.2270, 1.2335

⦁ Support levels are: 1.2110, 1.2010, 1.1900

The main scenario for the pair suggests a break of the support at 1.2110 (Sept 27 low) and a possible decline to 1.2010 (March 15 low).

The alternative scenario implies a break of the session high of 1.2220 and may be a rise to 1.2270 (Sept 29 high).

Today, the EUR/USD pair is mostly declining from 1.0590 to 1.0530, but remains slightly above the 9-month low of 1.0490 reached last week. On the hourly chart the pair is below the moving average line of the MA (200) H1 (1.0600) and on the four-hour chart it has consolidated below the MA (200) H4 (1.0740). Technically speaking, the strong support level at 1.0480-90 may keep prices from further declines. In case of its breakdown, the pair may fall to 1.0440. The upper boundary of 1.0675 represents a resistance level. The most probable range of price movement today may be hidden within the existing range of 1.0480-1.0615.

⦁ Resistance levels are: 1.0600-15, 1 0675, 1.0740

⦁ Support levels are: 1.0480-90, 1.0440, 1.0390

The main scenario for the pair suggests a break of support at 1.0490 (Jan 6 and Sept 27-28 lows) and there could be a decline to 1.0440 (Dec 7’ 2022 low).

The alternative scenario implies a break of resistance 1.0600-15 (Sept 29 high, MA (200) Н1) and there could be a rise to 1.0675 (Sept 21-22 high).

On Friday, the USD/CAD traded higher and closed the day in positive territory around the price of 1.3565. Today the pair was trading in a narrow range of 1.3565-80, remaining close to the 3-week high. On the hourly chart, USD/CAD is still trading above the moving average line MA (200) H1 (1.3485). 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: 1.3585, 1.3605, 1.3645
• Support levels are at: 1.3525, 1.3415, 1.3395

Probably, the main scenario is a resumption of growth to 1.3585 (Sep 29 high).

The alternative scenario is consolidation above the MA 200 H1 line, followed by growth to 1.3375 (Sep 19 low).

On Friday, the AUD/USD traded in different directions in the range of 0.6420-0.6500 and closed the day without significant changes. Today the pair fell, dropping to the level of 0.6410. 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: 0.6445, 0.6500-10, 0.6560
• Support levels are at: 0.6385, 0.6365, 0.6330

Probably, the main scenario is a resumption of decline to 0.6385 (the low of the American session on Sep 28).

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

On Friday, the XAU/USD traded lower and closed the day in the red zone around the price of 1848. Today, gold also fell slightly, falling to the level of 1842. On the hourly chart, XAU/USD is still trading below the moving average line MA (200) H1 (1904 ). 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: 1880, 1889, 1899-03
• Support levels are at: 1843, 1827-31, 1809-11

Probably, the main scenario is a continuation of the downward movement to $1842 (session low).

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

On Friday, Brent crude oil traded lower and closed the day in the red zone around 93.45. Today, oil was trading in a narrow range of 93.30-65, remaining close to yesterday's closing price. On the hourly chart, Brent is testing the strength of support - the moving average line MA (200) H1 (94.10). On the four-hour chart, oil remains above the MA 200 H4 line. 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: 95.35-45, 96.60, 97.70
• Support levels are at: 93.20, 92.40, 91.80

Probably, the main scenario is a resumption of growth to 95.35 (Sep 29 high).

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

On Friday, the USD/JPY traded higher and closed the day in positive territory around the price of 149.35. Today the pair rose slightly, rising to 149.80. On the hourly chart, USD/JPY is still trading above the moving average line MA (200) H1 (148.65). 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: 149.80, 150.00, 151.00
• Support levels are at: 148.95, 148.55, 148.30

Probably, the main scenario is continued growth to 149.80 (session high).

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

On Friday, the USD/CHF traded in different directions in the range of 0.9090-0.9160 and closed the day without significant changes. Today the pair was trading in a narrow range of 0.9150-60, remaining close to Friday's closing price. On the hourly chart, USD/CHF is still trading above the moving average line MA (200) H1 (0.9095). 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: 0.9195, 0.9225, 0.9245
• Support levels are at: 0.9085-90, 0.9045, 0.9020

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).

On Friday, the GBP/USD traded lower and closed the day in the red zone around the price of 1.2200. Today the pair also fell slightly, dropping to 1.2240. On the hourly chart, GBP/USD is still trading below the moving average line MA (200) H1 (1.2235). 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: 1.2270-85, 1.2330, 1.2420-25
• 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).

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

On Friday, the EUR/USD traded in different directions in the range of 1.0560-1.0615 and closed the day without significant changes. Today the pair fell slightly, dropping to 1.0560. On the hourly chart, EUR/USD is still trading below the moving average line MA (200) H1 (1.0605). 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: 1.0615, 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 involves consolidation above MA 200 H1, followed by growth to 1.0745 (Sep 14 high).