March 23, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.0916 | 1.1012 | 1.1143 |
| Support | 1.0689 | 1.0558 | 1.0462 |
| Primary Scenario | EURUSD has finally managed to penetrate the daily pivot point at 1.0785. A decisive movement to the north will lead the market to retest the resistance level at 1.0916 and further up at 1.1012. | ||
| Alternative Scenario | A reversal back of the pair will push the exchange rate below the daily pivot towards the support level at 1.0689. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5049 | 1.5152 | 1.5316 |
| Support | 1.4782 | 1.4618 | 1.4515 |
| Primary Scenario | The pair is trading narrowly above the daily pivot (1.4885). An upward wave would fuel GBPUSD to target the hurdle at 1.5049 and then higher at 1.5152. | ||
| Alternative Scenario | A plunge of the market below the daily pivot will push the pair to find support at 1.4782. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9853 | 0.9966 | 1.0028 |
| Support | 0.9677 | 0.9615 | 0.9502 |
| Primary Scenario | USDCHF is negotiating below the daily pivot at 0.9791. If the pair manages to extend its downtrend it will drop further towards the support levels at 0.9677 and 0.9615. | ||
| Alternative Scenario | On the other hand, a higher thrust of the currency pair will lead the pair to exceed the daily pivot, with immediate target the resistance at 0.9853. | ||
 | USDJPY | H4 | |
| Resistance | 120.10 | 120.38 | 120.72 |
| Support | 119.74 | 119.29 | 118.70 |
| Primary Scenario | USDJPY declined sharply on the previous session. Further drop of the market will push prices to breach the support level at 119.74. The next support is seen at 119.29. | ||
| Alternative Scenario | Alternatively, a surge of the pair will lead the market to exceed the key resistance at 120.10, targeting the next resistance at 120.38 (Kijun-sen). | ||
 | AUDUSD | H4 | |
| Resistance | 0.7831 | 0.7895 | 0.7989 |
| Support | 0.7673 | 0.7579 | 0.7515 |
| Primary Scenario | The pair is now testing the critical resistance at 0.7831. A successful attempt to penetrate this level will most likely trigger the market to climb towards the resistance level at 0.7895 and even higher at 0.7989. | ||
| Alternative Scenario | A setback of Aussie will push prices below the daily pivot, down to the support level at 0.7673. | ||
Article by ForexTime
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