Aussie has tested the critical support level at 0.7310.

August 19, 2015

Article by ForexTime

EURUSD H4
Resistance 1.1069 1.1119 1.1145
Support 1.0994 1.0967 1.0918
Primary Scenario EURUSD bounced up from the previous low and is now trading above the daily pivot point at 1.1043. If the pair manages to extend its correction, the next resistance is seen at 1.1069 and further up to 1.1119.
Alternative Scenario A tumble of the currency pair will push prices below the daily pivot, targeting the support level at 1.0994.

 

 

GBPUSD H4
Resistance 1.5727 1.5799 1.5882
Support 1.5573 1.5490 1.5418
Primary Scenario The pair is hovering around the daily pivot at 1.5644. Any decisive movement to the north will generate strength for GBPUSD to exceed the hurdle at 1.5727, with immediate target the forthcoming resistance at 1.5799.
Alternative Scenario Alternatively, a break back below the daily pivot will open the way down to 1.5573.

 

 

USDCHF H4
Resistance 0.9793 0.9816 0.9838
Support 0.9749 0.9728 0.9705
Primary Scenario USDCHF is gyrating the daily pivot point at 0.9772. A plunge of the market will lead the pair to retest the support levels at 0.9749 and 0.9728.
Alternative Scenario An upward wave would lift the currency pair above the daily pivot point, towards the resistance level at 0.9793.

 

 

USDJPY H4
Resistance 124.38 124.53 124.88
Support 124.21 123.92 123.50
Primary Scenario The USDJPY pair is negotiating below the Kumo and a new bearish outlook is now in force. Any fruitful attempt to violate the key support level at 124.21 will pave the way down to 123.92.
Alternative Scenario On the other hand, a higher thrust of the market will lead the pair to penetrate the resistance at 124.38, targeting the upper level of the cloud at 124.53.

AUDUSD H4
Resistance 0.7376 0.7413 0.7442
Support 0.7310 0.7282 0.7244
Primary Scenario Aussie has tested the critical support level at 0.7310. If the bears manage to take control of the bulls and eliminate this level, it will target the next support at 0.7282.
Alternative Scenario. A surge of the market above the daily pivot will fuel the pair to retest the hurdle at 0.7376.

 

 

Article by ForexTime

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