AUDUSD is negotiating on the daily pivot point.

September 15, 2015

Article by ForexTime

EURUSD Technical AnalysisEURUSDH4Down Trend
Resistance1.13641.14131.1454
Support1.12741.12331.1185
Primary ScenarioEURUSD topped up at 1.1364, before closing below the daily pivot at 1.1323. A sustained trading below this level will push prices to find support at 1.1274 and further down to 1.1233.
Alternative ScenarioA higher thrust of the currency pair will lift the exchange rate above the daily pivot, attempting to retest the hurdle at 1.1364.

 

EURUSDH4

 

GBPUSD Technical AnalysisGBPUSDH4Up Trend
Resistance1.54711.55201.5569
Support1.53721.53231.5274
Primary ScenarioThe pair is gyrating the daily pivot point at 1.5421. Should GBPUSD manage to retest and exceed the barrier at 1.5471, the next resistance is seen at 1.5520.
Alternative ScenarioAlternatively, a break back below the daily pivot will open the way down to 1.5372.

 

GBPUSDH4

 

USDCHF Technical AnalysisUSDCHFH4Down Trend
Resistance0.97090.97400.9761
Support0.96560.96350.9604
Primary ScenarioUSDCHF is trading slightly below the daily pivot point (0.9687). If the bears achieve to take control of the bulls, the pair will attempt to breach the obstacle at 0.9656, targeting the support level at 0.9635.
Alternative ScenarioOn the other hand, a surge of the currency pair above the daily pivot would fuel the pair to retest the hurdle at 0.9709.

 

USDCHFH4

 

USDJPY Technical AnalysisUSDJPYH4Up Trend
Resistance120.14120.60120.95
Support119.80119.34118.93
Primary ScenarioThe pair has entered the Kumo, but indicates bullish implications while trading narrowly below the upper level of the cloud (120.14). A successful penetration of this level will trigger the market to target the resistance levels at 120.60 and 120.95.
Alternative ScenarioA failed attempt to penetrate the barrier at 120.14 will lead USDJPY lower towards the support level at 119.80 and further down to 119.34.

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Up Trend
Resistance0.71690.72040.7257
Support0.70810.70270.6993
Primary ScenarioAUDUSD is negotiating on the daily pivot point at 0.7116. A decisive movement to the north will lead the pair to retest the resistance level at 0.7169. Further increase of the exchange rate will generate strength for the market to hit the level at 0.7204.
Alternative Scenario. A reversal back below the daily pivot will pave the way down to 0.7081.

 

AUDUSDH4

 


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