AUDUSD has just surpassed the daily pivot.

March 20, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0845 1.1034 1.1151
Support 1.0539 1.0423 1.0234
Primary Scenario EURUSD is negotiating below the daily pivot at 1.0729. Any forceful movement to the south will lead the market to retest the support level at 1.0539.
Alternative Scenario On the other hand, an upward momentum will lift the pair above the daily pivot. The next resistance is seen at 1.0845.

 

 

GBPUSD H4
Resistance 1.4946 1.5138 1.5267
Support 1.4624 1.4495 1.4303
Primary Scenario The pair is moving sideways. A plunge of the market will push prices to find support at 1.4624 and even lower at 1.4495.
Alternative Scenario Alternatively, a surge of GBPUSD above the daily pivot (1.4816) may trigger the market to reach the resistance level at 1.4946.

USDCHF H4
Resistance 0.9997 1.0096 1.0210
Support 0.9784 0.9670 0.9571
Primary Scenario USDCHF is gyrating the daily pivot point at 0.9883. An upward wave would push the pair to retest the forthcoming resistance at 0.9997 and then lower at 1.0096.
Alternative Scenario A comeback of the exchange rate will open the way down to the support level at 0.9784.

 

USDJPY H4
Resistance 120.69 121.23 121.66
Support 120.41 120.05 119.29
Primary Scenario The pair is now testing the resistance level at 120.68. A failed attempt to penetrate this level will most likely push prices to reverse and reach the support levels at 120.41 and 120.05.
Alternative Scenario Should the pair achieve to exceed the hurdle at 120.68, it will climb towards the upper level of the cloud at 121.23.

 

AUDUSD H4
Resistance 0.7766 0.7885 0.7963
Support 0.7569 0.7491 0.7372
Primary Scenario AUDUSD has just surpassed the daily pivot at 0.7688. If the pair manages to extend its momentum it will target the resistance levels at 0.7766 and 0.7885.
Alternative Scenario A break back below the daily pivot will lead the pair to hit the support level at 0.7569.

 

 

Article by ForexTime

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