August 24, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1437 | 1.1491 | 1.1596 |
| Support | 1.1278 | 1.1173 | 1.1119 |
| Primary Scenario | EURUSD surged into fresh high and hit the resistance level at 1.1491. If the pair manages to withhold the sellers’ pressure, it will climb towards the forthcoming level at 1.1596. | ||
| Alternative Scenario | A reversal back below the support level at 1.1437 will push prices to find support at the daily pivot (1.1332). RSI is trading within the overbought zone. | ||
 | GBPUSD | H4 |  |
| Resistance | 1.5721 | 1.5755 | 1.5787 |
| Support | 1.5656 | 1.5624 | 1.5590 |
| Primary Scenario | The pair is gyrating the daily pivot point at 1.5689. Any forceful attempt to violate the barrier at 1.5656 will open the way down to 1.5624. | ||
| Alternative Scenario | Alternatively, a higher thrust of GBPUSD will trigger the market to exceed the daily pivot, with immediate target the resistance at 1.5721. | ||
 | USDCHF | H4 | |
| Resistance | 0.9548 | 0.9639 | 0.9684 |
| Support | 0.9412 | 0.9367 | 0.9276 |
| Primary Scenario | USDCHF is following a downtrend in the 4-hour chart. A breach of the market below the support at 0.9412 will lead the currency pair to retest the previous low at 0.9367 and even lower at 0.9276. | ||
| Alternative Scenario | A failed attempt to move lower will bring the pair into a correction course towards the daily pivot at 0.9503. RSI oscillator supports this outlook. | ||
 | USDJPY | H4 | |
| Resistance | 121.68 | 122.36 | 123.46 |
| Support | 120.72 | 120.36 | 119.44 |
| Primary Scenario | The bearish scenario is still in effect. If the bears manage to take control of the bulls, the currency rate will eliminate the support levels at 120.72 and 120.36, targeting even lower to 119.44. | ||
| Alternative Scenario | An upward wave would lift the market towards the resistance levels at 121.68 and 122.36. RSI is negotiating around 13 within the oversold territory. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7352 | 0.7392 | 0.7424 |
| Support | 0.7279 | 0.7246 | 0.7206 |
| Primary Scenario | AUDUSD cleared the support levels at 0.7279 and 0.7246 in today’s session. Any decisive movement to the south will push the pair to breach the final given level (0.7206), targeting the Fibonacci support level 261.8% at 0.7169. | ||
| Alternative Scenario. | Should the pair achieve to penetrate the resistance level at 0.7246, the next target is seen at 0.7279. | ||
Article by ForexTime
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