AUDUSD has finished its correction course.

September 3, 2015

Article by ForexTime

 

EURUSD H4
Resistance 1.1289 1.1355 1.1392
Support 1.1186 1.1149 1.1083
Primary Scenario EURUSD is negotiating around the daily pivot point during this week. A decisive movement to breach the barrier at 1.1186 will push prices to find support down to 1.1149.
Alternative Scenario Alternatively, an upside momentum would lift the currency pair above the daily pivot to retest the hurdle at 1.1289.

 

 

GBPUSD H4
Resistance 1.5327 1.5357 1.5389
Support 1.5265 1.5233 1.5203
Primary Scenario The pair is gyrating the daily pivot (1.5295). A drop of the market will lead GBPUSD to eliminate the support at 1.5265, targeting the forthcoming level at 1.5233.
Alternative Scenario Should the pair achieve to penetrate the daily pivot, the next resistance is seen at 1.5327.

 

 

USDCHF H4
Resistance 0.9733 0.9777 0.9856
Support 0.9609 0.9531 0.9486
Primary Scenario USDCHF has finally surpassed the daily pivot at 0.9654 and set to reach the forthcoming resistance at 0.9733. A successful attempt to exceed this level will fuel the pair further towards the next target at 0.9777 and even higher at 0.9856.
Alternative Scenario A plunge of the exchange rate would push the pair to find support at the daily pivot and even deeper at 0.9609.

 

 

USDJPY H4
Resistance 120.69 121.26 121.73
Support 120.36 119.96 119.59
Primary Scenario The pair has achieved to exit the Kumo and a new bullish outlook is now in force. If USDJPY manages to withhold the sellers’ pressure, it will climb towards the resistance level at 120.69 and then higher to 121.26.
Alternative Scenario On the other hand, a break back below the upper level of the cloud at 120.36 will most likely lead the market down to 119.96 (Tenkan-sen) line.

AUDUSD H4
Resistance 0.7062 0.7088 0.7129
Support 0.6996 0.6955 0.6929
Primary Scenario AUDUSD has finished its correction course and is now poised to retest the key support level at 0.6996. A drop of the market below this level will generate strength for the bears to push the exchange rate lower towards the next target at 0.6955.
Alternative Scenario. If the pair achieves to surpass the daily pivot, it will attempt to retest the resistance level at 0.7062.

 

 

Article by ForexTime

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