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NZD/USD: technical analysis 07.05.2019

NZDUSDH407052019-1024x576.png

Current trend

NZD/USD is in the stage of upward correction after falling to the level of 0.6591 (Murray [0/8]). The main target of the correction is the level of 0.6622 (Murray [2/8]), which corresponds to the middle line of Bollinger Bands. If the price is set above the level of 0.6622 (Murray [2/8]), the upward trend can restore, and the instrument can retest the resistance area of levels 0.6636 (Murray [3/8])-0.6652 (Murray [4/8]). Pullbacks below 0.6607 could lead the price back to the 0.6591 level. The level of 0.6591 seem tough support as break of which can diver market to 0.6576 (Murray [-1/8]) and the 0.6561 (Murray [-2/8]) rest-points. The technical picture is mixed. Bollinger Bands are slightly leaned downwards, reflecting the moderate developing of the downward trend. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 0.6607, 0.6591, 0.6576, 0.6522.
Resistance levels: 0.6622, 0.6637, 0.6652, 0.6668.

Trading recommendations

Long positions can be above the level of 0.6622 with the target at around 0.6652-0.6668 and stop-loss 0.6606.
Short positions can be opened below the level of 0.6607 with the target at around 0.6591-0.6576 and stop-loss 0.6627.

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XAU/USD: technical analysis 07.05.2019

XAUUSDH407052019-1024x576.png

Current trend

Today, XAU/USD prices began to grow again, and are trying to consolidate above the strong resistance level of 1281.25 (Murray [8/8]). If the current trend maintains, the next target of buyers will be the level of 1285.16 (Murray [+1/8]). Assuming the pair’s ability to cross 1285.16, the level of 1289.06 (Murray [+2/8]) can be targeted if holding long positions. The downward trend will be restored after the price is set below the level of 1281.25 (Murray [8/8]). In this case, the sellers will aim for the level of 1277.34 (Murray [7/8]) support zone. Technical indicators reflect the maintenance of the ward potential. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD is slowly growing in the positive zone. Stochastic is in the overbought area and is pointed upwards.

Support and resistance

Support levels: 1281.25, 1277.34, 1273.44.
Resistance levels: 1285.16, 1289.06, 1294.00.

Trading recommendations

Long positions can be opened above the level of 1285.16 with the target at around 1289.06 and stop-loss 1283.90.
Short positions can be opened below the level of 1281.25 with the target at around 1277.34 and stop-loss 1283.00.

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USD/CAD: technical analysis 07.05.2019

USDCADH407052019-1024x576.png

Current trend

On 4-hour chart, USD/CAD is correcting up from the lower line of the Bollinger Bands. The price bounced off the 1.3409 horizontal-support but is yet to cross the 1.3427 (Murray [4/8]) resistance that impedes growth to the level of 1.3458 (Murray [5/8]). If the “bulls” manage to raise the rate above the level of 1.3458, the correction can continue to the area of 1.3488 (Murray [6/8]). If the price is set below the level of 1.3409, the next target of sellers will be the area of 1.3397 (Murray [3/8])-1.3366 (Murray [2/8]). Technical indicators mostly reflect the maintenance of the current downward trend. Bollinger Bands are diverging, reflecting the active development of the current trend. MACD volumes are in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area.

Support and resistance

Support levels: 1.3397, 1.3366, 1.3336, 1.3305.
Resistance levels: 1.3427, 1.3458, 1.3488, 1.3519.

Trading recommendations

Long positions can be opened above the level of 1.3427 with the target at around 1.3458-1.3488 and stop-loss 1.3405.
Short positions can be opened below the level of 1.3397 with the target at around 1.3366-1.3336 and stop-loss 1.3417.

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USD/JPY: technical analysis 08.05.2019

USDJPYH408052019-1024x576.png

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. The lack of long-term corrections reflects the strength of the current trend. The price went down below the level of 110.15 (Murray [2/8]) and can fall further to the levels of 109.76 (Murray [1/8]). The breakdown of 109.76 will let the price to fall to the area of 109.37 (Murray [0/8]). The level of 109.37 seem tough support, that can activate an upward rebound. If the “bulls” manage to raise the rate above the level of 110.15, the correction can continue to the area of 110.54 (Murray [3/8])-110.70. Technical indicators mostly maintain a sell signal. Bollinger Bands are leaned downwards. The volumes of MACD histogram are actively growing in the negative zone. Stochastic is in the oversold area and is poited upwards.

Support and resistance

Support levels: 109.76, 109.37, 108.98.
Resistance levels: 110.15, 110.54, 110.93.

Trading recommendations

Short positions can be opened below the level of 109.76 with the target at around 109.37 and stop-loss 109.89.
Long positions can be opened above the level of 110.15 with the target at around 110.54-110.70 and stop-loss 109.07.

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EUR/USD: technical analysis 08.05.2019

EURUSDH408052019-1024x576.png

Current trend

The EURUSD pair begins today’s trading with bullish bias. The price went up above the level of 1.1189 (middle line of Bollinger Bands ) and can grow further to the levels of 1.1230 (Murray [8/8]) which is the the key resistance line for short term buyers. The area of level 1.1230 can prevent the instrument form growing, as the possibility of the reverse of the price is high there. In case the pair manage to cross the 1.1230, the buyers will aim for the 1.1261 (Murray [+1/8]) resistance zone. Pullbacks below 1.1189 could lead the price back to the level of 1.1169 (Murray [6/8]). Should prices continue slipping under 1.1169, the level of 1.1138 (Murray [5/8]) and the 1.1108 (Murray [4/8]) might try activating an upward rebound. Technical indicators mostly keep a buy signal. Bollinger Bands are pointed downwards. MACD is slowly growing in the positive zone. Stochastic’s lines are pointed upwards and are reaching the overbought area.

Support and resistance

Support levels: 1.1200, 1.1169, 1.1138, 1.1108.
Resistance levels: 1.1230, 1.1261, 1.1291.

Trading recommendations

Long positions can be opened above the level of 1.1230 with the target at around 1.1261-1.1291 and stop-loss 1.1210.
Short positions can be opened below the level of 1.1189 with the target at around 1.1169-1.1138 and stop-loss 1.1206

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USD/CHF: technical analysis 08.04.2019

USDCHFH408052019-1024x576.png

Current trend

On 4-hour chart, the instrument is correcting down from the upper line of the Bollinger Bands. The instrument is now testing the level of 1.0184, which coincided with the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1.0177 (Murray [3/8]). In this case, the next targets of sellers will be the area of levels 1.0162 (Murray [2/8])-1.0131 (Murray [0/8]). If the “bulls” manage to raise the rate above the level of 1.0208 (Murray [5/8]), the raise can continue to the area of 1.0223 (Murray [6/8]), 1.0238 (Murray [7/8]). Meanwhile, any attempted recovery seems more likely to get sold into aggressively near the area of 1.1208 mark. Technical indicators reflect the moderate maintenance of the current downward trend. Stochastic’s lines are pointed downwards and are reaching the oversold area. MACD volumes are decreasing in the positive zone. Bollinger Bands are slightly leaned downwards.

Support and resistance

Support levels: 1.0177, 1.0147, 1.0131.
Resistance levels: 1.0208, 1.0223, 1.0238, 1.0253.

Trading recommendations

Long positions can be opened above the level of 1.0208 with the target at around 1.0223-1.0238 and stop-loss 1.0198.
Short positions can be opened below the level of 1.0177 with the target at around 1.0147 and stop-loss 1.0187.

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GBP/USD: technical analysis 09.05.2019

GBPUSDH409052019-1024x576.png

Current trend

GBP/USD is in the stage of upward correction. The first target of the correction is the level of 1.3061 (Murray [6/8]), which corresponds to the middle line of Bollinger Bands. Additionally, pair’s sustained trading beyond the 1.3061 could set the level 1.3122 on buyers’ radar. The downward trend will be restored after the price is set below the level of 1.3000 (Murray [5/8]). In this case, the next targets of sellers will be the level of 1.2939 (Murray [4/8]). The technical picture is mixed. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 1.3000, 1.2939, 1.2878, 1.2817.
Resistance levels: 1.3027, 1.3061, 1.3122, 1.3183.

Trading recommendations

Short positions can be opened below the level of 1.3000 with the target at around 1.2939 and stop-loss 1.3020.
Long positions can be opened above the level of 1.3027 with the target at around 1.3061-1.3122 and stop-loss 1.3000.

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AUD/USD: technical analysis 09.05.2019

AUDUSDH409052019-1024x576.png

Current trend

On the 4-hour chart, AUD/USD is falling along the lower line of the Bollinger Bands. The lack of long-term corrections reflects the strength of the current trend. At the moment the price has met the support at the level of 0.6973 (Murray [1/8]). The breakdown of the level 0.6973 will let AUD/USD fall to the level of 0.6958 (Murray [0/8]) which is the key level for sellers in short term period. Should prices continue slipping under 0.6958, the area of levels 0.6942 (Murray [-1/8])-0.6927 (Murray [-2/8]) might try activating a upward rebound. Alternatively, breakout of the level 0.6988 (Murray [2/8]) can accelerate the pair towards the area of levels 0.7003 (Murray [3/8])-0.7019 (Murray [4/8]). Technical picture is mixed. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Bollinger Bands and pointed sideways. Stochastic is in the oversold area and is pointed upwards, reflecting the high possibility of the upward movement formation.

Support and resistance

Support levels: 0.6973, 0.6958, 0.6942, 0.6927.
Resistance levels: 0.6988, 0.7003, 0.7019, 0.7034.

Trading recommendations

Short positions can be opened below the level of 0.6973 with the target at around 0.6958-0.6942 and stop-loss 0.6983.
Long positions can be opened above the level of 0.6988 with the target at around 0.7003-0.7019 and stop-loss 0.6978.

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USD/CAD: technical analysis 09.05.2019

USDCADH409052019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The instrument is now testing the resistance level of 1.3488 (Murray [2/8]). If the current trend maintains, the the next targets of buters will be the level of 1.3519 (Murray [3/8]). There is a chance of an downward rebound, while its breakout would allow the raise to continue towards the level of 1.3549 (Murray [4/8]). One may speak about downward movement continuation after the price consolidates below the support level of 1.3458 (Murray [1/8]), which coincided with the middle line of Bollinger Bands. Pair’s sustained trading below the level of 1.3458 will push the price back to 1.3427 (Murray [0/8]) mark. Technical indicators mostly reflect the maintenance of the current upward trend. Bollinger Bands and Stochasctic are pointed upwards. The volumes of MACD histogram are growing in the positive zone.

Support and resistance

Support levels: 1.3458, 1.3427, 1.3397, 1.3366.
Resistance levels: 1.3488, 1.3519, 1.3549, 1.3580.

Trading recommendations

Long positions can be opened above the level of 1.3488 with the target at around 1.3519-1.3549 and stop-loss 1.3468.
Short positions can be opened below the level of 1.3458 with the target at around 1.3427-1.3397 and stop-loss 1.3478.

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XAU/USD: technical analysis 10.05.2019

XAUUSDH410052019-1024x576.png

Current trend

The XAU/USD pair begins today’s trading with slight bullish bias. The price went up above the level of 1284.00 (middle line of Bollinger Bands). If the current trend maintains, the next targets of buyers will be the level of 1289.06 (Murray [6/8]). The area of 1289.06 level can prevent the instrument form growing, as the possibility of the reverse of the price is high there. Assuming the pair’s ability to cross 1289.06, the level of 1292.97 (Murray [7/8]) can be targeted if holding long positions. Alternatively, pullback below the level of 1284.00 could lead the price to the 1281.25 (Murray [4/8]) level. Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 1285.16, 1281.25, 1277.34, 1273.44.
Resistance levels: 1289.06, 1292.97, 1296.88, 1300.78.

Trading recommendations

Long positions can be opened above the level of 1286.00 with the target at around 1289.06 and stop-loss 1285.00.
Short positions can be opened below the level of 1284.00 with the target at around 1281.25 and stop-loss 1284.90.

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NZD/USD: technical analysis 10.05.2019

NZDUSDH410052019-1024x576.png

Current trend

NZD/USD quotes attempted to grow, but reaching 0.6613 mark moved to a decline. At the moment the price has met the support at the level of 0.6586, which coincided with the middle line of Bollinger Bands. The breakdown and consolidation of the price below the level of 0.6586 (Murray [5/8]) will let NZD/USD reach the level of 0.6561 (Murray [3/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.6530 (Murray [2/8]). If the “bulls” manage to raise the rate above the level of 0.6613, the growth can continue to the area of 0.6652 (Murray [6/8]). The technical picture is mixed. Bollinger Bands are slightly leaned downwards, reflecting the moderate developing of the downward trend. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed downwards.

Support and resistance

Support levels: 0.6561, 0.6530, 0.6500, 0.6469.
Resistance levels: 0.6591, 0.6622, 0.6652, 0.6683.

Trading recommendations

Short positions can be opened below the level of 6586 with the target at around 0.6561-0.6530 and stop-loss 0.6604.
Long positions can be above the level of 0.6613 with the target at around 0.6652 and stop-loss 0.6600.

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USD/CHF: technical analysis 10.05.2019

USDCHFH410052019-1024x576.png

Current trend

On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands on its way to the key support line 1.0131 (Murray [4/8]). As we can see there is a high chance of an upward rebound from the level of 1.0131. Assuming the pair’s ability to comsolidate below the level of 1.0131, the levels of 1.0116 (Murray [-1/8])-1.0101 (Murray [-2/8]) can be targeted if holding short positions. If the “bulls” manage to raise the rate above the level of 1.0147 (Murray [1/8]), the raise can continue to the area of 1.0162 (Murray [2/8])-1.0177 (Murray [3/8]). Technical indicators mostly reflect the moderate maintenance of the current downward trend. Bollinger Bands are diverging, reflecting the active development of downward movement. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed upwards.

Support and resistance

Support levels: 1.0131, 1.0116, 1.0101, 1.0081.
Resistance levels: 1.0147, 1.0162, 1.0177, 1.0192.

Trading recommendations

Long positions can be opened above the level of 1.0147 with the target at around 1.0162-1.0177 and stop-loss 1.0137.
Short positions can be opened below the level of 1.0131 with the target at around 1.0116-1.0101 and stop-loss 1.0141.

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GBP/USD: technical analysis 13.05.2019

GBPUSDH413052019-1024x576.png

Current trend

GBP/USD continues to consolidate around the area of level 1.3000 (Murray [2/8]),which coincided with the middle line of Bollinger Bands. The downward trend will be restored after the price is set below the level of 1.3000. Holding below it will push the price back to 1.2970 (Murray [1/8]). Should prices continue slipping under 1.2970, the level of 1.2939 might try activating an upward rebound. Alternatively, breakout of 1.3031 (Murray [3/8]) can accelerate the pair towards 1.3061 (Murray [4/8]). The level of 1.3061 can prevent the instrument form growing, as the possibility of the reverse of the price is high there. Assuming the pair’s ability to cross 1.3061, the levels of 1.3092 (Murray [5/8]) can be targeted if holding long positions. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are slowly decreasing in the negative zone. Stochastic is pointed upwards, reflecting the possibility of the upward movement formation.

Support and resistance

Support levels: 1.3000, 1.2970, 1.2939, 1.2908.
Resistance levels: 1.3031, 1.3061, 1.3092, 1.3122.

Trading recommendations

Short positions can be opened below the level of 1.3000 with the target at around 1.2970-1.2939 and stop-loss 1.3020.
Long positions can be opened above the level of 1.3031 with the target at around 1.3061-1.3092 and stop-loss 1.3010.

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AUD/USD: technical analysis 13.05.2019

AUDUSDH413052019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price is testing the support level of 0.6973 (Murray [1/8]. If the current trend maintains, the next targets of sellers will be the level of 0.6958 (Murray [0/8]), which is the key level for sellers. If the sellers manage to declive the rate below the level of 0.6958, the falling can continue to the area of 0.6942 (Murray [-1/8])-0.6927 (Murray [-2/8]). One may speak about upward movement continuation after the price consolidates above the resistance level of 0.6988 (Murray [2/8]), which coincided with the middle line of Bollinger Bands. In this case, the AUD/USD pair may aim for the 0.7003 (Murray [3/8])-0.7019 (Murray [4/8]) resistance-zone. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed downwards. MACD is slowly growing in the negative zone. Stochastic is in the oversold area and is pointed downwards.

Support and resistance

Support levels: 0.6973, 0.6958, 0.6942, 0.6927.
Resistance levels: 0.6988, 0.7003, 0.7019, 0.7034.

Trading recommendations

Short positions can be opened below the level of 0.6973 with the target at around 0.6958-0.6942 and stop-loss 0.6983.
Long positions can be opened above the level of 0.6988 with the target at around 0.7003-0.7019 and stop-loss 0.6978.

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AUD/USD: technical analysis 13.05.2019

AUDUSDH413052019-1024x576.png

Current trend

On 4-hour chart, the instrument shows a negative dynamic. The price is testing the support level of 0.6973 (Murray [1/8]. If the current trend maintains, the next targets of sellers will be the level of 0.6958 (Murray [0/8]), which is the key level for sellers. If the sellers manage to declive the rate below the level of 0.6958, the falling can continue to the area of 0.6942 (Murray [-1/8])-0.6927 (Murray [-2/8]). One may speak about upward movement continuation after the price consolidates above the resistance level of 0.6988 (Murray [2/8]), which coincided with the middle line of Bollinger Bands. In this case, the AUD/USD pair may aim for the 0.7003 (Murray [3/8])-0.7019 (Murray [4/8]) resistance-zone. Technical indicators reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed downwards. MACD is slowly growing in the negative zone. Stochastic is in the oversold area and is pointed downwards.

Support and resistance

Support levels: 0.6973, 0.6958, 0.6942, 0.6927.
Resistance levels: 0.6988, 0.7003, 0.7019, 0.7034.

Trading recommendations

Short positions can be opened below the level of 0.6973 with the target at around 0.6958-0.6942 and stop-loss 0.6983.
Long positions can be opened above the level of 0.6988 with the target at around 0.7003-0.7019 and stop-loss 0.6978.

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USD/JPY: technical analysis 13.05.2019

USDJPYH413052019-1024x576.png

Current trend

The USD/JPY pair begins today’s trading with slight bearish bias. The price went down below the level of 109.76 (Murray [1/8]) and can fall further to the level of 109.37 (Murray [0/8]). The level of 109.37 seem tough support as break of which can diver market to 108.98 (Murray [-1/8]) rest-points. If the “bulls” manage to raise the rate above the level of 109.85 (the middle line of Bollinger Bands), the correction can continue to the area of 110.15 (Murray [2/8]). Technical indicators mostly maintain a sell signal. Bollinger Bands are pointed downwards. The volumes of MACD histogram are slowly decreasing in the negative zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 109.76, 109.37, 108.98.
Resistance levels: 110.15, 110.54, 110.93.

Trading recommendations

Short positions can be opened below the level of 109.76 with the target at around 109.37 and stop-loss 109.89.
Long positions can be opened above the level of 110.15 with the target at around 110.54 and stop-loss 110.02.

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USD/CHF: technical analysis 14.05.2019

USDCHFH414052019-1024x576.png

Current trend

USD/CHF is in the stage of upward correction after falling to the level of 1.0051. If the “bulls” manage to raise the rate above the level of 1.0070, the upward correction can continue to the area of 1.0101 (Murray [3/8])-1.0114. The downward trend will be restored after the price is set below the level of 1.0040 (Murray [1/8]). In this case, the next targets of sellers will be the level of 1.0009 (Murray [0/8]). The mark of 1.0009 , seem tough support as break of which can diver market to 0.9979 (Murray [-1/8])-0.9948 (Murray [-2/8]) support zone. Technical indicators mostly reflect the moderate maintenance of the current downward trend. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed upwards.

Support and resistance

Support levels: 1.0040, 1.0009, 0.9979, 0.9948.
Resistance levels: 1.0070, 1.0101, 1.0131, 1.0162.

Trading recommendations

Long positions can be opened above the level of 1.0070 with the target at around 1.0101-1.0131 and stop-loss 1.0150.
Short positions can be opened below the level of 1.0040 with the target at around 1.0009-0.9979 and stop-loss 1.0060.

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EUR/USD: technical analysis 14.05.2019

EURUSDH414052019-1024x576.png

Current trend

The EURUSD pair begins today’s trading with slight bullish bias . Now the instrument is trying to consolidate above the level of 1.1230 (Murray [8/8]). If the current trend maintains, the next targets of buyers will be the level of 1.1261 (Murray [+1/8]). The level of 1.1261 (Murray [6/8]) can prevent the instrument from growing, as the possibility of the reverse of the price is high there. If the “bulls” manage to raise the rate above the level of 1.1261, the rise can continue to the area of 1.1291 (Murray [+2/8]). The downward trend will be restored after the price is set below the level of 1.1225, which is the middle line of Bollinger Bands. In this case, the sellers will aim forn the level of 1.1200 (Murray [7/8])-1.1169 (Murray [6/8]) support zone. The technical picture is mixed. Bollinger Bands are pointed upwards. MACD is slowly decreasing in the positive zone. Stochastic is poited upwards, reflecting the possibility of the upward movement formation.

Support and resistance

Support levels: 1.1230, 1.1200, 1.1169, 1.1138.
Resistance levels: 1.1261, 1.1291, 1.1320.

Trading recommendations

Long positions can be opened above the level of 1.1230 with the target at around 1.1261-1.1291 and stop-loss 1.1210.
Short positions can be opened below the level of 1.1225 with the target at around 1.1200-1.1169 and stop-loss 1.1245.

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USD/CAD: technical analysis 14.05.2019

USDCADH414052019-1024x576.png

Current trend

On 4-hour chart, USD/CAD quotes attempted to grow, but reaching 1.3488 (Murray [2/8]) mark moved to a decline. The price is approaching a support in the region of 1.3458 (Murray [1/8]), which coincided with the middle line of Bollinger Bands. If the price is set below the level of 1.3458, the downward trend can restore, and the instrument can fall to the support level of 1.3427 (Murray [0/8]). If the pair refrains to respect the 1.3427 support it will begin to fall to the area of 1.3397 (Murray [-1/8])-1.3366 (Murray [-2/8]). Alternatively, breakout of the level 1.3488 can accelerate the pair towards 1.3519 (Murray [3/8]). Technical picture is mixed. Bollinger Bands are pointed upwards. Stochastic’s lines are pointed sideways. MACD volumes are in the positive zone and are moving along the zero line. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.3458, 1.3427, 1.3397, 1.3366.
Resistance levels: 1.3488, 1.3519, 1.3549.

Trading recommendations

Short positions can be opened below the level of 1.3458 with the target at around 1.3427-1.3397 and stop-loss 1.3478.
Long positions can be opened above the level of 1.3488 with the target at around 1.3519-1.3549 and stop-loss 1.3468.

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NZD/USD: technical analysis 20.05.2019

NZDUSDH420052019-1024x576.png

Current trend

NZD/USD is in the stage of upward correction after falling to the level of 0.6513. The first target of the correction is the level of 0.6544 , which corresponds to the middle line of Bollinger Bands. If the “bulls” manage to raise the rate above the level of 0.6544, the correction can continue to the area of 0.6561 (Murray [7/8])-0.6591 (Murray [8/8]). The downward trend will be restored after the price is set below the level of 0.6513. In this case, the next targets of sellers will be the area of 0.6500 (Murray [5/8])-0.6469 (Murray [4/8]). Technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the negative zone. Stochastic’s lines are pointed upwards.

Support and resistance

Support levels: 0.6530, 0.6500, 0.6469.
Resistance levels: 0.6561, 0.6591, 0.6622.

Trading recommendations

Short positions can be opened below the level of 0.6513 with the target at around 0.6469 and stop-loss 0.6527.
Long positions can be above the level of 0.6544 with the target at around 0.6591 and stop-loss 0.6530.

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