Technical Analysis

Today, the NZD/USD pair is trading in the 0.5900-20 range and is testing the MA (200) H1 moving average line (0.5905) on the hourly chart. On the four-hour chart, the pair is trading well below the MA (200) H4 (0.5960). Technically speaking, the resistance level at 0.5960 may keep prices from rising further. The lower boundary of 0.5860 represents a strong support level.

• Resistances are at the marks: 0.5945-60, 0.6015, 0.6120

• An alternative scenario:  0.5880, 0.5860, 0.5745

The main scenario of the pair suggests a break of support at 0.5880 (Sept 13 low) and may be a decline to 0.5860 (Sept 5-6 low).

The alternative scenario implies a break of the resistance at 0.5945-60 (Sept 4 and 14 highs) and a possible rise to 0.6015 (Sept 1 high).

Today, the USD/JPY pair is trading in the 147.55-90 range - near a new 11-month high. On the hourly chart, the pair is above the MA (200) H1 moving average line (147.30). On the four-hour chart, the pair remains above the MA (200) H4 (145.65). Technically speaking, the resistance at 147.95 may keep prices from rising further. If this level is passed, the pair could rise to 148.95. The lower boundary of 145.90 represents a support level.

⦁ Resistance levels are: 147.95, 148.95, 149.60

⦁ Support levels are: 147.00, 145.90, 144.45

The main scenario for the pair suggests a break of resistance at 147.95 (Sept 15 high) and there could be a rise to 148.95 (Oct 31’ 2022 high).

The alternative scenario implies a breakout of the MA (200) H1 (147.30) and support at 147.00 (Sept 14 low) and may be a decline to 145.90 (Sept 11 low).

Today, the USD/CHF pair is trading in the range of 0.8955-80 - near a new 2-month high. On the hourly chart, the pair moved above the MA (200) H1(0.8930) moving average line and on the four-hour chart above the MA (200) H4 (0.8830). Technically speaking, resistance at 0.8880 may keep prices from rising further. If this level is passed, the pair could rise to 0.9000-15. The lower boundary of 0.8880 represents a support level.

⦁ Resistance levels are: 0.8980, 0.9000-15, 0.9055

⦁ Support levels are:  0.8930-45, 0.8880-95, 0.8830

The main scenario of the pair's advance implies a break of resistance 0.8980 (Sept 15 high, session high) and there could be a rise to 0.9000-15 (June 30 and July 3-6 highs).

The alternative scenario implies a break of support 0.8930-45 (Sept 15 low, H1 MA (200)) and could be down to 0.8880-95 (Sept 6 and 9 lows).

Today the GBP / USD pair is trading in the range of 1.2370-1.2410 near a new 3-month low. On the hourly chart, the pair fell below the MA (200) H1(1.2475) moving average line. On the four-hour chart, the pair remains below the MA (200) H4 (1.2635). Technically speaking, the support level of 1.2370 may keep prices from further declines. In case it is broken, the pair may fall to 1.2310. The upper boundary of 1.2510 represents a strong resistance level.

⦁ Resistance levels are: 1.2450, 1.2510, 1.2590

⦁ Support levels are: 1.2370, 1.2310, 1.2275

The main scenario for the pair suggests a break of the session low of 1.2370 (June 5 low) and a possible decline to 1.2310 (May 25 low)

The alternative scenario implies a break of the resistance at 1.2450 (Sept 15 high) and a possible rise to 1.2510 (Sept 13-14 high).

The EUR/USD pair is trading in the 1.0655-80 range today after falling last week to a 5-month low of 1.0630. On the hourly chart, the pair remains below the MA (200) H1 moving average line (1.0710) and on the four-hour chart it has consolidated below the MA (200) H4 (1.0845). Technically speaking, the support level of 1.0630 may keep prices from further decline. In case of its breakdown, prices may fall to 1.0520. The upper boundary of 1.0770 represents a resistance level.

⦁ Resistance levels are: 1.0690, 1 0770, 1.0810

⦁ Support levels are:  1.0630, 1.0520, 1.0485

The main scenario for the pair suggests a break of support at 1.0630 (Sept 14 low) and may be a decline to 1.0520 (March 15 low)

The alternative scenario implies a break of resistance at 1.0690 (Sept 15 high) and MA (200) H1 (1.0710) and maybe a rise to 1.0770 (Sept. 12-13 high)

On Friday, the USD/CAD traded higher and closed the day in the positive territory around the price of 1.3525. Today it fell a little, falling to the level of 1.3510. On the hourly chart, USD/CAD is still trading below the moving average line MA (200) H1 (1.3585). 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: 1.3550, 1.3585, 1.3605
• Support levels are at: 1.3490-95, 1.3440-45, 1.3410

Probably, the main scenario for the pair’s progress is a continued decline to 1.3495 (Sep 14 low).

The alternative scenario is consolidation above the MA 200 H1 line, followed by growth to 1.3695 (Sep 7 high).

On Friday, the AUD/USD traded in different directions in the range of 0.6425-0.6475 and closed the day without significant changes. Today the pair grew slightly, rising to 0.6445. On the hourly chart, AUD/USD is still testing the strength of resistance - the moving average line MA (200) H1 (0.6415). 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: 0.6470-80, 0.6520-30, 0.6560
• Support levels are at: 0.6420, 0.6405, 0.6380

Probably, the main scenario is the resumption of the downward movement to 0.6415 (Sep 14 low).

The alternative scenario is consolidation above MA 200 H1 with subsequent growth to 0.6480 (Sep 4 high).

On Friday, the XAU/USD traded higher and closed the day in the positive territory around the price of 1923. Today, gold also rose slightly, rising to around 1929. On the hourly chart, XAU/USD is still trading above the moving average line MA (200) H1 (1918 ). 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: 1930, 1934, 1938
• Support levels are at: 1922, 1914-15, 1900-01

Probably, the main scenario is the resumption of the upward movement to $1930 (Sep 15 high).

The alternative scenario involves a breakout of the MA 200 H1 level followed by a decline to $1901 (Sep 14 low).

On Friday, Brent oil traded mixed in the range of 92.85-94.80 and closed the day without significant changes. Today, oil also traded in a narrow range of 94.05-94.50, remaining close to the November highs. On the hourly chart, Brent is still trading above the moving average line MA (200) H1 (91.45). 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: 94.80, 95.35, 96.40
• Support levels are at: 92.85, 91.85, 90.90

Probably, the main scenario is continued growth to 94.80 (Sep 15 high).

The alternative scenario is consolidation below MA 200 H1 followed by a fall to 88.40 (Sep 5 low).

On Friday, the USD/JPY traded higher and closed the day in the positive territory around the price of 147.85. Today, on the contrary, the pair fell a little, dropping to the level of 147.70. On the hourly chart, USD/JPY is still trading above the moving average line MA (200) H1 (147.30). 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: 147.95, 148.40, 148.85
• Support levels are at: 147.35, 147.00, 146.65

Probably, the main scenario is a resumption of growth to 147.95 (Sep 15 high).

The alternative scenario is consolidation below MA 200 H1, followed by a fall to 145.90 (Sep 11 low).

On Friday, the USD/CHF traded higher and closed the day in the positive territory around the price of 0.8975. Today the pair was trading in a narrow range of 0.8965-75, remaining close to the July highs. On the hourly chart, USD/CHF is still trading above the moving average line MA (200) H1 (0.8925). 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: 0.8975, 0.8995, 0.9015-25
• Support levels are at: 0.8945, 0.8925, 0.8915

Probably, the main scenario is continued growth to 0.8975 (Sep 15 high).

The alternative scenario is a final consolidation below the MA 200 H1 level, followed by a fall to 0.8830 (Sep 4 low).

On Friday, the GBP/USD traded lower and closed the day in the red zone around the price of 1.2385. Today the pair was trading in a narrow range of 1.2385-05, remaining close to the lows of May. On the hourly chart, GBP/USD is still trading below the moving average line MA (200) H1 (1.2480). 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: 1.2445, 1.2480, 1.2505-10
• Support levels are at: 1.2380, 1.2355-65, 1.2320-30

Probably, the main scenario is a continuation of the fall to 1.2380 (Sep 15 low).

The alternative scenario is a final consolidation above the level of MA 200 H1 with subsequent growth to 1.2640 (Sep 4 high).

On Friday, the EUR/USD traded higher and closed the day in the positive territory near the price of 1.0660. Today the pair was trading in a narrow range of 1.0660-70, remaining close to Friday's closing price. On the hourly chart, EUR/USD is still trading below the moving average line MA (200) H1 (1.0715). 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: 1.0685-95, 1.0745, 1.0765-70
• Support levels are at: 1.0645, 1.0630, 1.0615

Probably, the main scenario is a continued decline to 1.0645 (the low of the American session on Sep 15).

The alternative scenario is consolidation above MA 200 H1, followed by growth to 1.0800 (Sep 5 high).