AUDUSD edged up at 0.7690.

April 6, 2015

Article by ForexTime

EURUSD H4
Resistance 1.1041 1.1115 1.1204
Support 1.0879 1.0790 1.0717
Primary Scenario EURUSD has experienced strong resistance at 1.1041. A successful penetration of this level will most likely generate strength for the market to target the forthcoming resistance at 1.1115.
Alternative Scenario A plunge of the exchange rate below the daily pivot at 1.0952 will push prices to find support at 1.0879.

 

 

GBPUSD H4
Resistance 1.4970 1.5025 1.5105
Support 1.4835 1.4755 1.4700
Primary Scenario The pair is trading slightly above the daily pivot at 1.4890. A decisive upward momentum will lead GBPUSD to exceed the hurdle at 1.4970, with immediate target the resistance at 1.5025.
Alternative Scenario On the other hand, a comeback of the pair will push the pair below the daily pivot, opening the way down to 1.4835.

USDCHF H4
Resistance 0.9577 0.9657 0.9707
Support 0.9447 0.9398 0.9318
Primary Scenario USDCHF is gyrating the daily pivot point at 0.9528. Any forceful movement to the south will lead the market towards the support level at 0.9447 and further down to 0.9398.
Alternative Scenario Alternatively, a higher thrust of the pair will fuel the market towards the resistance level at 0.9577.

 

USDJPY H4
Resistance 119.42 119.87 120.39
Support 118.71 118.32 117.84
Primary Scenario The USDJPY pair dropped sharply in the previous session. Further drop of the market will open the way down towards the support levels at 118.71 and 118.32.
Alternative Scenario An upward wave would act as a catalyst for the market to reach the resistance level at the Kumo at 119.42.

 

AUDUSD H4
Resistance 0.7690 0.7750 0.7811
Support 0.7569 0.7509 0.7449
Primary Scenario AUDUSD edged up at 0.7690, before closing below the daily pivot at 0.7630. A downward movement will push the pair to find support at 0.7569 and then lower at 0.7509.
Alternative Scenario A surge of the market above the daily pivot will lift the pair to retest the resistance at 0.7690.

 

 

Article by ForexTime

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