USDCHF is heading to the support level at 0.9624.

November 10, 2014

Article by ForexTime

EURUSD H4
Resistance 1.2495 1.2537 1.2606
Support 1.2384 1.2316 1.2273
Primary Scenario EURUSD bounce up from the previous low and it is now heading to the resistance level at 1.2495. A successful surpass of this level will lead the market to reach the next target at 1.2537.
Alternative Scenario A setback of the pair, will push prices to find support at the daily pivot point at 1.2426.

 

GBPUSD H4
Resistance 1.5906 1.5944 1.6002
Support 1.5811 1.5752 1.5715
Primary Scenario The pair recovered from the previous bottom and managed to clear the key resistance at 1.5906. A sustained trading above this level, will generate strength for the market to hit the next resistance at 1.5944 and then higher at 1.6002.
Alternative Scenario A plunge of the market will push prices below the support at 1.5906 and further lower at the daily pivot (1.5848).

 

USDCHF H4
Resistance 0.9715 0.9773 0.9805
Support 0.9624 0.9592 0.9534
Primary Scenario USDCHF is heading to the support level at 0.9624. A decisive movement downwards will eliminate this barrier, targeting the support at 0.9592 and further down to 0.9534.
Alternative Scenario An upside momentum will trigger the market to hit the daily pivot (0.9682) and even higher at 0.9715.

 

USDJPY H4
Resistance 114.35 114.76 115.56
Support 113.95 113.54 113.16
Primary Scenario USDJPY is poised to breach the important support at 113.95. If this happens, it will open the way towards the next levels at 113.54 and 113.16.
Alternative Scenario A higher thrust of the pair, will lift the currency rate up to the hurdle at 114.35 and even higher at 114.76.

 

AUDUSD H4
Resistance 0.8679 0.8726 0.8796
Support 0.8563 0.8493 0.8447
Primary Scenario The pair is now testing the resistance level at 0.8679. If AUDUSD manages to withstand the sellers’ pressure, it will climb towards the resistance at 0.8726 and 0.8796.
Alternative Scenario A reversal back of the exchange rate, will push prices to find support at the daily pivot at 0.8610.

 

 

Article by ForexTime

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