USDCHF has finally plunged below the daily pivot.

December 21, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0887 1.0915 1.0957
Support 1.0817 1.0776 1.0748
Primary Scenario EURUSD is now heading towards the hurdle at 1.0887. A successful penetration of this level will fuel the pair further, targeting the resistance at 1.0915 and even higher at 1.0957.
Alternative Scenario A comeback of the exchange rate would push prices to find support at the daily pivot (1.0845) and then lower at 1.0817

GBPUSD H4
Resistance 1.4931 1.4972 1.4995
Support 1.4867 1.4844 1.4803
Primary Scenario The pair is gyrating the daily pivot point at 1.4908. If GBPUSD achieves to exceed the barrier at 1.4931, it will climb towards the resistance at 1.4972.
Alternative Scenario Alternatively, should the pair manage to break below the daily pivot, the next support is seen at 1.4867.

USDCHF H4
Resistance 0.9954 0.9995 1.0015
Support 0.9894 0.9874 0.9833
Primary Scenario USDCHF has finally plunged below the daily pivot point (0.9934). Further drop of the market will push the pair to find support at 0.9894 and even lower at 0.9874.
Alternative Scenario If the pair manages to surpass the daily pivot, it will lift the exchange rate towards the resistance level at 0.9954.

USDJPY H4
Resistance 121.50 121.95 122.59
Support 121.03 120.57 120.33
Primary Scenario The pair is negotiating slightly below the cloud. A decisive movement to the south will lead USDJPY to breach the support at 121.03, with immediate target the forthcoming level at 120.57.
Alternative Scenario On the other hand, an upward wave would trigger the market to enter the Kumo and to eliminate the barrier at 121.50. The next resistance is estimated at 121.95.

AUDUSD H4
Resistance 0.7210 0.7249 0.7298
Support 0.7121 0.7072 0.7033
Primary Scenario AUDUSD is trading above the daily pivot at 0.7160. A bounce up from current levels will generate strength for the market to hit the resistance at 0.7210 and further up to 0.7249.
Alternative Scenario. A tumble of the market below the daily pivot will lead the pair to find support at 0.7121.

 

Article by ForexTime

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