AUDUSD is trading near the previous top at 0.7828.

April 20, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0857 1.0910 1.0972
Support 1.0743 1.0680 1.0628
Primary Scenario EURUSD edged up at 1.0857, before retracing below the daily pivot at 1.0795. Further drop of the market will lead the pair into deeper correction towards the support levels at 1.0743 and 1.0680.
Alternative Scenario A surge of the market will lift the exchange rate above the daily pivot up to the resistance level at 1.0857.

 





GBPUSD H4
Resistance 1.5035 1.5113 1.5173
Support 1.4898 1.4838 1.4761
Primary Scenario The pair is negotiating in a correction course. If the bears manage to take control of the bulls, GBPUSD will attempt to breach the support level at 1.4898. The next support is seen at 1.4838.
Alternative Scenario On the other hand, a higher thrust of the daily pivot will fuel the pair to hit the resistance level at 1.5035.

 

 

USDCHF H4
Resistance 0.9568 0.9620 0.9658
Support 0.9478 0.9440 0.9388
Primary Scenario USDCHF bounced up from the previous bottom and is poised to retest the hurdle in line at 0.9568. A successful penetration of this level will most likely generate strength for the market to target the forthcoming resistance at 0.9620.
Alternative Scenario A plunge of the pair below the daily pivot will push prices to find support at 0.9478.

 

USDJPY H4
Resistance 119.00 119.32 119.76
Support 118.55 118.17 117.81
Primary Scenario USDJPY is now testing the critical support level at 118.55. If the pair manages to violate this level, it will target the next support level at 118.17.
Alternative Scenario An upward wave will trigger the market to penetrate the resistance at 119.00 and even higher at 119.32.

 

AUDUSD H4
Resistance 0.7828 0.7876 0.7911
Support 0.7744 0.7709 0.7661
Primary Scenario The currency pair is now trading near the previous top at 0.7828. If AUDUSD manages to withstand the sellers’ pressure, it will exceed the barrier at 0.7828, with immediate target the next resistance at 0.7876.
Alternative Scenario A comeback of the exchange rate below the daily pivot, will open the way down to 0.7744.

 

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Article by ForexTime

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