AUDUSD opens today with a gap.

April 18, 2016

Article by ForexTime

EURUSD H4
Resistance 1.1315 1.1351 1.1387
Support 1.1244 1.1209 1.1173
Primary Scenario EURUSD is negotiating slightly above the daily pivot (1.1280). A bounce up from current levels will trigger the market to hit the resistance level at 1.1315 and even higher at 1.1351.
Alternative Scenario A break back below the daily pivot will push the exchange rate to continue its downtrend, with immediate target the support level at 1.1244.

GBPUSD H4
Resistance 1.4247 1.4298 1.4356
Support 1.4138 1.4080 1.4029
Primary Scenario The pair is oscillating around the daily pivot at 1.4189. A decisive movement to the south will pave the path down to 1.4138 and further down to 1.4080.
Alternative Scenario On the other hand, an upward wave above the daily pivot will fuel GBPUSD to target the resistance at 1.4247.

USDCHF H4
Resistance 0.9691 0.9709 0.9731
Support 0.9651 0.9629 0.9611
Primary Scenario USDCHF is moving sideways in the previous two sessions. Should the pair achieve to penetrate the barrier at 0.9691, it will climb higher towards 0.9709.
Alternative Scenario A plunge of the market below the daily pivot will open the way down to 0.9651.

USDJPY H4
Resistance 108.21 108.55 109.04
Support 107.82 107.35 106.81
Primary Scenario The USDJPY pair is trading below the Kumo. Further drop of the market will lead the currency pair to breach the key support at 107.82, targeting the forthcoming level at 107.35.
Alternative Scenario Alternatively, a higher thrust of the pair above the hurdle at 108.21 will lift the exchange rate towards 108.55.

AUDUSD H4
Resistance 0.7742 0.7764 0.7795
Support 0.7688 0.7657 0.7634
Primary Scenario AUDUSD opens today with a gap. If the bullish sentiment remains intact, the next support is seen at 0.7657 and then lower at 0.7634.
Alternative Scenario A surge of the pair above the now-resistance at 0.7688 will lead the pair to hit the daily pivot at 0.7711.

 

Article by ForexTime

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