AUDUSD surpassed the key resistance at 0.8130, today.

December 29, 2014

Article by ForexTime

EURUSD H4
Resistance 1.2205 1.2229 1.2248
Support 1.2162 1.2143 1.2118
Primary Scenario EURUSD is pivoting around the daily pivot at 1.2186. Should the pair manage to exceed the barrier at 1.2205, it will target the next resistance level at 1.2229.
Alternative Scenario A plunge of the market below the daily pivot, will open the way down to the support level at 1.2162.

 

GBPUSD H4
Resistance 1.5569 1.5583 1.5599
Support 1.5538 1.5522 1.5508
Primary Scenario Having reached the resistance at 1.558, the GBPUSD pair is poised to penetrate this level, with immediate target the hurdle at 1.5599.
Alternative Scenario A comeback of the currency pair, will lead the rate below the support at 1.5569 and then lower at the daily pivot point at 1.5552.

 

USDCHF H4
Resistance 0.9886 0.9904 0.9926
Support 0.9846 0.9824 0.9806
Primary Scenario The price has flattened out on the daily pivot at 0.9864. If USDCHF manages to withstand the sellers’ pressure, it will trigger the market to hit the resistance level at 0.9886 and even higher at 0.9904.
Alternative Scenario A break back below the daily pivot, will push prices to find support at 0.9846.

 

USDJPY H4
Resistance 120.39 120.81 121.27
Support 120.16 119.91 119.43
Primary Scenario USDJPY has been moving sideways in the previous sessions. A decisive thrust of the hurdle at 120.39 will generate strength for the market for further increase of the rate towards the resistance level at 120.81.
Alternative Scenario A setback of the pair below the support at 120.16 will lead the pair to find support at 119.91.

 

AUDUSD H4
Resistance 0.8130 0.8142 0.8153
Support 0.8106 0.8095 0.8082
Primary Scenario AUDUSD surpassed the key resistance at 0.8130, today. If the pair manages to extend its momentum, it will move higher towards the resistance level at 0.8142 and further up at 0.8153.
Alternative Scenario A failed attempt to penetrate the resistance at 0.8142, it will lead the currency rate to find support at 0.8130 and even lower at the daily pivot at 0.8118.

 

 

Article by ForexTime

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