AUDUSD: Reaching fresh highs.

April 28, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0938 1.0985 1.1044
Support 1.0831 1.0772 1.0724
Primary Scenario EURUSD topped at 1.0926, before close below the daily pivot at 1.0878. A sustained trading below this level will push prices to target the support at 1.0831 and then lower at 1.0772.
Alternative Scenario An upward wave would lead the currency pair to penetrate the daily pivot, with immediate target the resistance level at 1.0938.

 




GBPUSD H4
Resistance 1.5296 1.5356 1.5451
Support 1.5141 1.5046 1.4986
Primary Scenario The pair is trading near the previous high, putting pressure on the rate to climb towards the resistance level at 1.5296 and further up to 1.5356.
Alternative Scenario A break back below the daily pivot point (1.5201) will lead GBPUSD to find support at 1.5141. RSI supports this sentiment.

 

 

USDCHF H4
Resistance 0.9587 0.9630 0.9678
Support 0.9496 0.9449 0.9406
Primary Scenario USDCHF has been trapped between the support level at 0.9496 and the resistance level at 0.9587. Any decisive thrust of the barrier at 0.9587 will trigger the market to target the forthcoming level at 0.9630.
Alternative Scenario A setback of the exchange rate will sink the market below the daily pivot towards the support level at 0.9496.

 

USDJPY H4
Resistance 119.19 119.43 119.68
Support 118.76 118.52 118.18
Primary Scenario USDJPY is moving sideways below the Kumo, which is an indication that bearish sentiment still persists. Any forceful attempt to violate the support level at 118.76 will open the way down to 118.52.
Alternative Scenario On the other hand, a surge of the pair above the hurdle at 119.19 will lift the exchange rate within the cloud, towards the resistance level at 119.43.

AUDUSD H4
Resistance 0.7889 0.7920 0.7969
Support 0.7808 0.7759 0.7727
Primary Scenario AUDUSD has reached fresh highs. The next focus will be the surpass of the hurdle at 0.7889 and even higher at 0.7920. If that happens, the next resistance is seen at 0.7969.
Alternative Scenario Should the pair fail to move higher, it will find support at the daily pivot point at 0.7840 and then lower at 0.7808.

 

 

 

 

 

 

 

Article by ForexTime

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