AUDUSD is negotiating near the previous high.

August 10, 2015

Article by ForexTime

EURUSD H4
Resistance 1.1009 1.1055 1.1132
Support 1.0886 1.0809 1.0763
Primary Scenario Following high volatility in the previous session, bulls have finally prevailed and achieved to remain above the daily pivot at 1.0932. If EURUSD manages to withhold the bears pressure, the next resistance is seen at 1.1009 and then higher at 1.1055.
Alternative Scenario On the other hand, a plunge of the market below the daily pivot will lead the exchange rate lower down to 1.0886.

 

 

GBPUSD H4
Resistance 1.5548 1.5606 1.5668
Support 1.5427 1.5365 1.5307
Primary Scenario After GBPUSD has tested the support level at 1.5427, the market is gyrating the daily pivot point (1.5486). An upward wave would trigger the market to bounce towards the resistance level at 1.5548 and further up to 1.5606.
Alternative Scenario Should the pair achieve to violate the daily pivot, it will open the way down to 1.5427.

 

 

USDCHF H4
Resistance 0.9881 0.9928 0.9974
Support 0.9788 0.9742 0.9695
Primary Scenario USDCHF topped up at 0.9881, before closing below the daily pivot point at 0.9835. Further drop of the market will push prices lower down to 0.9788 and even lower to 0.9742.
Alternative Scenario A surge of the currency pair above the daily pivot will lift the market towards the resistance level at 0.9881.

 

 

USDJPY H4
Resistance 124.41 125.03 125.49
Support 124.27 123.94 123.50
Primary Scenario A strong bearish momentum led USDJPY to reverse, but the sentiment is still bullish. A higher thrust of the market will fuel the pair to penetrate the hurdle at 124.41, with immediate target the resistance level at 125.03.
Alternative Scenario Alternatively, a break back below the support level at 124.27 will pave the way down to 123.94.

AUDUSD H4
Resistance 0.7446 0.7475 0.7531
Support 0.7360 0.7303 0.7274
Primary Scenario AUDUSD is negotiating near the previous high, narrowly above the daily pivot point (0.7389). If the pair manages to extend its momentum, the next resistance is seen at 0.7446 and then higher at 0.7475.
Alternative Scenario A comeback of the currency pair will lead the market below the daily pivot, targeting the support level at 0.7360.

 

 

Article by ForexTime

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