AUDUSD is revolving the daily pivot point.

September 1, 2015

Article by ForexTime

 

EURUSD H4
Resistance 1.1258 1.1307 1.1352
Support 1.1163 1.1117 1.1068
Primary Scenario EURUSD has just penetrated the key level at 1.1258. If the pair manages to extend its momentum, it will retest and surpass the forthcoming resistance at 1.1307. The next target is seen at 1.1352.
Alternative Scenario Should the pair achieve to break below the support at 1.1258, prices will find support at 1.1163 (daily pivot).

 

 

GBPUSD H4
Resistance 1.5406 1.5470 1.5503
Support 1.5308 1.5274 1.5211
Primary Scenario The pair is oscillating around the daily pivot point at 1.5372. A decisive thrust of GBPUSD will trigger the market to exceed the resistance level at 1.5406, targeting the next target level at 1.5470.
Alternative Scenario A comeback of the exchange rate would push the market below the daily pivot, paving the way down to 1.5308.

 

 

USDCHF H4
Resistance 0.9711 0.9751 0.9813
Support 0.9608 0.9546 0.9505
Primary Scenario USDCHF is now testing the critical support level at 0.9608. A drop of the market below this level will most likely push the pair to find support at 0.9546 and further down to 0.9505.
Alternative Scenario Alternatively, an upward wave would bring the pair back to the major trend, targeting the daily pivot at 0.9648 and even higher the resistance at 0.9711.

 

 

USDJPY H4
Resistance 121.07 121.42 122.03
Support 120.37 120.02 119.59
Primary Scenario The pair intends to hit the support at the upper level of the cloud at 120.37. A bounce up from current levels would generate strength for USDJPY to retest the hurdle at 121.07 and then higher at 121.42.
Alternative Scenario On the other hand, a failed attempt to move higher will push the pair to violate the upper level of the cloud (120.37). The next support is estimated at 120.02.

AUDUSD H4
Resistance 0.7155 0.7199 0.7235
Support 0.7074 0.7037 0.6993
Primary Scenario AUDUSD is revolving the daily pivot point at 0.7118. A higher thrust of the currency pair would fuel the rate to target the resistance level at 0.7155 and even higher at 0.7199.
Alternative Scenario. A tumble of the market will push prices below the daily pivot, opening the way down to 0.7074.

 

 

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

11 years ago