March 18, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1369 | 1.1424 | 1.1506 |
| Support | 1.1232 | 1.1150 | 1.1096 |
| Primary Scenario | EURUSD reached the previous month’s top. If the pair manages to extend its uptrend, it will capture the next resistance level at 1.1369 and even higher at 1.1424. | ||
| Alternative Scenario | A plunge of the pair below the daily pivot point at 1.1287 will push prices to find support at 1.1232. RSI oscillator is trading within the overbought territory. | ||
 | GBPUSD | H4 | |
| Resistance | 1.4577 | 1.4680 | 1.4859 |
| Support | 1.4295 | 1.4117 | 1.4013 |
| Primary Scenario | After successfully breaching the resistance level at 1.4295 and the daily pivot point, GBPUSD is moving sideways above this level. A decisive movement upwards will trigger the market to hit the resistance at 1.4577 and further up to 1.4680. | ||
| Alternative Scenario | Alternatively, a reversal back below the daily pivot will open the way down to 1.4295. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9754 | 0.9837 | 0.9890 |
| Support | 0.9619 | 0.9566 | 0.9483 |
| Primary Scenario | USDCHF is still negotiating under pressure. Further drop of the market will lead the exchange rate to find support at 0.9619 and then lower at 0.9566. | ||
| Alternative Scenario | A higher thrust of the currency pair above the daily pivot (0.9702) will fuel the rate to retest the hurdle in line at 0.9754. RSI supports this correction course. | ||
 | USDJPY | H4 | |
| Resistance | 111.57 | 112.24 | 112.96 |
| Support | 111.00 | 110.65 | 110.10 |
| Primary Scenario | The USDJPY pair is following a downtrend. Should the pair achieve to extend its momentum, the next target is estimated at 111.00 and then lower at 110.65. | ||
| Alternative Scenario | On the other hand, an upward wave would lift the exchange rate towards 111.57 and further up to 112.24. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7684 | 0.7732 | 0.7808 |
| Support | 0.7560 | 0.7484 | 0.7437 |
| Primary Scenario | AUDUSD is negotiating near a multi-month high. A successful attempt to penetrate the barrier at 0.7684 will lead the pair to target the forthcoming resistance level at 0.7732 and even higher at 0.7808. | ||
| Alternative Scenario | A tumble of the pair below the daily pivot (0.7608) will pave the path down to 0.7560. | ||
Article by ForexTime
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