August 5, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.0951 | 1.1023 | 1.1060 |
| Support | 1.0843 | 1.0806 | 1.0734 |
| Primary Scenario | EURUSD has breached the key level at 1.0915 (daily pivot) and is now testing the support at 1.0843. A decisive movement to the south will push prices to hit the forthcoming support levels at 1.0806 and 1.0734. | ||
| Alternative Scenario | A surge of the market will lift the exchange rate towards the daily pivot point at 1.0915 and even higher to 1.0951. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5610 | 1.5659 | 1.5686 |
| Support | 1.5534 | 1.5507 | 1.5458 |
| Primary Scenario | The pair is now testing the support level at 1.5534. Further drop of GBPUSD will lead the market underway towards the support level at 1.5507 and further down to 1.5458. | ||
| Alternative Scenario | On the other hand, a higher thrust of the currency pair will trigger the market to reach the daily pivot point and even higher at 1.5610. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9824 | 0.9867 | 0.9946 |
| Support | 0.9703 | 0.9624 | 0.9581 |
| Primary Scenario | A strong upward movement led USDCHF to penetrate the daily pivot point (0.9746). If the pair manages to extend its uptrend, the next resistance is seen at 0.9824 and 0.9867. | ||
| Alternative Scenario | A reversal back below the daily pivot will push the market to find support at 0.9703. | ||
 | USDJPY | H4 | |
| Resistance | 124.57 | 125.03 | 125.65 |
| Support | 124.26 | 124.03 | 123.74 |
| Primary Scenario | USDJPY is negotiating near the previous high. If the pair achieves to exceed this level, it will target the forthcoming resistance level at 125.03. | ||
| Alternative Scenario | Alternatively, a plunge of the currency pair below the support at 124.26 will open the way down to 124.03. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7449 | 0.7520 | 0.7614 |
| Support | 0.7284 | 0.7191 | 0.7119 |
| Primary Scenario | AUDUSD is trading on the daily pivot point at 0.7355. An upward wave would fuel the pair to retest the hurdle in line at 0.7449 and then higher to 0.7520. | ||
| Alternative Scenario | Should the pair manage to violate the daily pivot, the next support is estimated at 0.7284. | ||
Article by ForexTime
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