AUDUSD climbed into fresh highs.

October 7, 2015

Article by ForexTime

EURUSD H4
Resistance 1.1308 1.1347 1.1416
Support 1.1200 1.1132 1.1093
Primary Scenario EURUSD is pivoting around the daily pivot point at 1.1239. A decisive thrust above the hurdle at 1.1308 will trigger the market to target the resistance level at 1.1347.
Alternative Scenario A plunge of the market below the daily pivot will push prices to find support at 1.1200.

 

 

GBPUSD H4
Resistance 1.5263 1.5304 1.5367
Support 1.5160 1.5098 1.5057
Primary Scenario The pair is now poised to surpass the resistance level at 1.5263. If that happens, the next target is seen at 1.5304 and then higher at 1.5367.
Alternative Scenario Alternatively, a comeback of GBPUSD will lead the market to hit the daily pivot at 1.5201 and even lower at 1.5160.

 

 

USDCHF H4
Resistance 0.9732 0.9800 0.9834
Support 0.9629 0.9595 0.9527
Primary Scenario USDCHF pummeled in the previous session and is now trading below the daily pivot (0.9698). If the pair manages to extend its momentum, it will eliminate the support at 0.9629, targeting the forthcoming support level at 0.9595.
Alternative Scenario An upward wave would fuel the pair to penetrate the daily pivot, with immediate target the resistance at 0.9732.

 

 

USDJPY H4
Resistance 120.15 120.55 120.83
Support 119.96 119.62 119.17
Primary Scenario The USDJPY pair is trading within the cloud. A successful attempt to exceed the barrier at 120.15 will generate strength for the market to target the next resistance at 120.55 and further up to 120.83.
Alternative Scenario On the other hand, a break back below the support at 119.96 will open the way down to 119.62.

AUDUSD H4
Resistance 0.7203 0.7243 0.7313
Support 0.7094 0.7024 0.6984
Primary Scenario AUDUSD climbed into fresh highs. If the pair achieves to withstand the sellers’ pressure, the exchange rate will penetrate the hurdle at 0.7203, targeting the next levels at 0.7243 and 0.7313.
Alternative Scenario. A reversal back below the daily pivot at 0.7134 will pave the path down to 0.7094. RSI supports this scenario.

 

 

Article by ForexTime

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