USDCHF is trading near the previous top.

October 27, 2015

Article by ForexTime

EURUSD H4
Resistance 1.1079 1.1105 1.1143
Support 1.1014 1.0976 1.0950
Primary Scenario EURUSD bounced up from the previous bottom and is now heading towards the resistance level at 1.1079. A surge of the market above this level will most likely lead the pair towards the resistance level at 1.1105 and even higher at 1.1143.
Alternative Scenario A break back below the daily pivot point at 1.1041 will open the way down to 1.1014.

 

 

GBPUSD H4
Resistance 1.5384 1.5420 1.5459
Support 1.5308 1.5269 1.5233
Primary Scenario The pair is negotiating above the daily pivot (1.5344). If GBPUSD manages to extend its correction course, the next resistance is seen at 1.5384 and further up to 1.5420.
Alternative Scenario On the other hand, a plunge of the market below the daily pivot will push prices down to 1.5308.

 

 

USDCHF H4
Resistance 0.9856 0.9888 0.9938
Support 0.9774 0.9724 0.9692
Primary Scenario USDCHF is trading near the previous top. If the pair manages to withhold the sellers’ pressure, it will climb towards the resistance levels at 0.9856 and 0.9888.
Alternative Scenario A comeback of the currency pair below the daily pivot (0.9806) will lead the rate to find support at 0.9774. RSI oscillator supports this outlook.

 

 

USDJPY H4
Resistance 120.79 121.47 122.01
Support 120.47 120.04 119.40
Primary Scenario The pair is following an uptrend. A successful attempt to penetrate the hurdle in line at 120.79 will trigger the market to target the forthcoming resistance at 121.47.
Alternative Scenario Alternatively,  should USDJPY achieve to breach the support level at 120.47 will pave the path down to 120.04.

AUDUSD H4
Resistance 0.7272 0.7302 0.7335
Support 0.7210 0.7177 0.7147
Primary Scenario AUDUSD is oscillating around the daily pivot at 0.7239. A decisive movement to the north will fuel the pair to hit the resistance level at 0.7272 and then higher at 0.7302.
Alternative Scenario. A setback of the exchange rate would push the market to violate the daily pivot, targeting the support level at 0.7210.

 

 

Article by ForexTime

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