April 17, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.0843 | 1.0926 | 1.1036 |
| Support | 1.0650 | 1.0541 | 1.0458 |
| Primary Scenario | EURUSD has successfully penetrated the daily pivot (1.0734) – a key resistance. If the pair manages to withhold the sellers’ pressure, it will climb towards the resistance level at 1.0843 and even higher at 1.0926. | ||
| Alternative Scenario | Should the pair manage to break back below the daily pivot, the next support is seen at 1.0650. | ||
 | GBPUSD | H4 | |
| Resistance | 1.4996 | 1.5061 | 1.5153 |
| Support | 1.4838 | 1.4746 | 1.4681 |
| Primary Scenario | The pair is following an uptrend. A persistent trading above the daily pivot at 1.4904 will most likely generate strength for the market to target the resistance level at 1.4996 and then higher at 1.5061. | ||
| Alternative Scenario | Alternatively, a tumble of GBPUSD below the daily pivot will push the pair to hit the support level at 1.4838. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9664 | 0.9773 | 0.9835 |
| Support | 0.9493 | 0.9430 | 0.9322 |
| Primary Scenario | USDCHF is following a bearish sentiment and it is now negotiating below the daily pivot point at 0.9601. A decisive movement to the south will push prices to find support at 0.9493 and further down to 0.9430. | ||
| Alternative Scenario | An upside momentum would bring the exchange rate into a correction course, exceeding the daily pivot and targeting the resistance at 0.9664. | ||
 | USDJPY | H4 | |
| Resistance | 119.13 | 119.43 | 119.72 |
| Support | 118.78 | 118.32 | 117.82 |
| Primary Scenario | The bearish outlook remains in effect. If USDJPY manages to extend its downtrend, it will violate the support level at 118.78. The next support is estimated at 118.32. | ||
| Alternative Scenario | A higher thrust of the market will lift the pair towards the resistance levels at 119.13 and 119.43. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7858 | 0.7914 | 0.8007 |
| Support | 0.7708 | 0.7615 | 0.7559 |
| Primary Scenario | AUDUSD indicated bullish implications, after successfully surpassing the daily pivot point at 0.7765. A sustained trading above this level will trigger the market to target the forthcoming resistance levels at 0.7858 and 0.7914. | ||
| Alternative Scenario | A reversal back below the daily pivot will open the way down to 0.7708. | ||
Article by ForexTime
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