AUDUSD has recovered from the previous low.

August 13, 2015

Article by ForexTime

EURUSD H4
Resistance 1.1238 1.1320 1.1427
Support 1.1049 1.0942 1.0860
Primary Scenario EURUSD is now testing the daily pivot point at 1.1131. A bounce up from current levels will trigger the market to reach the resistance level at 1.1238 and further up to 1.1320.
Alternative Scenario Should the pair manage to breach the daily pivot, the next support is seen at 1.1049.

 

 

GBPUSD H4
Resistance 1.5667 1.5726 1.5793
Support 1.5541 1.5474 1.5416
Primary Scenario The pair is negotiating slightly above the daily pivot (1.5600). If GBPUSD achieves to withstand the sellers’ pressure, it will climb towards the resistance levels at 1.5667 and 1.5726.
Alternative Scenario On the other hand, a break back below the daily pivot will pave the way down to 1.5541.

 

 

USDCHF H4
Resistance 0.9867 0.9983 1.0078
Support 0.9656 0.9560 0.9444
Primary Scenario USDCHF has tested the support level at 0.9656. Any decisive movement to the south will lead the pair to eliminate this level, with immediate target the support level at 0.9560.
Alternative Scenario An upward wave would lift the exchange rate above the daily pivot towards the resistance level at 0.9867.

 

 

USDJPY H4
Resistance 124.53 124.88 125.27
Support 124.26 123.99 123.51
Primary Scenario The pair is negotiating within the cloud narrowly below the upper level of the Kumo. A successful penetration of this level will generate strength for USDJPY to target the forthcoming resistance at 124.88.
Alternative Scenario A failed attempt to move higher will push prices deeper within the cloud, towards the support levels at 124.26 and 123.99.

AUDUSD H4
Resistance 0.7436 0.7497 0.7608
Support 0.7264 0.7153 0.7093
Primary Scenario AUDUSD has recovered from the previous low and is now oscillating above the daily pivot at 0.7325. Any forceful movement to the north will fuel the pair to exceed the hurdle at 0.7436, targeting the resistance level at 0.7497.
Alternative Scenario. A plunge of the pair below the daily pivot will lead the exchange rate to find support at 0.7264.

 

 

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

 

 

 

9 years ago