AUDUSD surged in today’s session.

December 22, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0954 1.0992 1.1046
Support 1.0861 1.0807 1.0769
Primary Scenario EURUSD is hovering above the daily pivot point at 1.0899. Any decisive movement to the north will trigger the market to retest the resistance level at 1.0954 and then higher at 1.0992.
Alternative Scenario A plunge of the market below the daily pivot will open the way down to 1.0861.

GBPUSD H4
Resistance 1.4914 1.4947 1.4966
Support 1.4862 1.4843 1.4810
Primary Scenario The pair is following a downtrend. If the pair manages to extend its momentum, the next support is seen at 1.4862 and further down to 1.4843.
Alternative Scenario On the other hand, an upward wave would eliminate the daily pivot (1.4895), with immediate target the resistance at 1.4914.

USDCHF H4
Resistance 0.9960 0.9999 1.0032
Support 0.9888 0.9856 0.9816
Primary Scenario USDCHF is oscillating around the daily pivot (0.9928). If the pair achieves to withstand the sellers’ pressure,it will climb towards the resistance levels at 0.9960 and 0.9999.
Alternative Scenario Should the pair manage to break below the daily pivot, it will find support at 0.9888.

USDJPY H4
Resistance 121.50 121.95 122.59
Support 121.14 120.81 120.33
Primary Scenario The USDJPY pair has experienced strong resistance below the lower level of the Kumo. Any downward wave would violate the support level at 121.14, targeting the forthcoming support level at 120.81. Further drop of the market will lead the exchange rate towards 120.33.
Alternative Scenario Alternatively, a higher thrust of the currency pair will lift the market towards 121.50 and 121.95.

AUDUSD H4
Resistance 0.7201 0.7217 0.7241
Support 0.7161 0.7137 0.7121
Primary Scenario AUDUSD surged in today’s session and cleared the resistance levels at 0.7201 and 0.7217. Further increase of the exchange rate will fuel the pair to retest the hurdle at 0.7241 and even higher the resistance at 0.7278.
Alternative Scenario. A reversal back below the now-support at 0.7217 will lead prices to find support at 0.7201.

 

Article by ForexTime

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