AUDUSD is trading near the previous high.

September 16, 2015

Article by ForexTime

EURUSD H4
Resistance 1.1310 1.1354 1.1381
Support 1.1240 1.1214 1.1170
Primary Scenario EURUSD bounced up from the previous bottom and is now trading above the daily pivot (1.1284). Further increase of the exchange rate will fuel the pair further towards the resistance level at 1.1310 and even higher at 1.1354.
Alternative Scenario A comeback of the market will lead the currency pair below the daily pivot and then lower to 1.1240.

 

 

GBPUSD H4
Resistance 1.5423 1.5503 1.5550
Support 1.5295 1.5248 1.5168
Primary Scenario The pair is negotiating below the daily pivot point at 1.5376. A decisive movement to the south will most likely push GBPUSD to hit the support level at 1.5295 and further down to 1.5248.
Alternative Scenario On the other hand, a surge of the pair will lift the exchange rate above the daily pivot, with immediate target the hurdle at 1.5423.

 

 

USDCHF H4
Resistance 0.9776 0.9816 0.9869
Support 0.9683 0.9630 0.9590
Primary Scenario USDCHF is trading on the daily pivot point at 0.9723. If the bears momentum prevails the bulls pressure, the next support is seen at 0.9683 and then lower to 0.9630.
Alternative Scenario A higher thrust of the market will lead the exchange rate towards the resistance level at 0.9776.

 

 

USDJPY H4
Resistance 120.35 120.64 121.31
Support 120.02 119.80 119.34
Primary Scenario The pair is searching for direction. A fruitful movement to the north will trigger the market to target the resistance level at 120.35 and even higher at 120.64.
Alternative Scenario Alternatively, a plunge of USDJPY below the key support at 120.02 will open the way down to 119.80.

AUDUSD H4
Resistance 0.7175 0.7210 0.7255
Support 0.7094 0.7049 0.7013
Primary Scenario AUDUSD is trading near the previous high. If the pair manages to withhold the sellers’ pressure, prices will climb towards the resistance levels at 0.7175 and 0.7210.
Alternative Scenario. Should the pair achieve to breach the daily pivot at 0.7129, the market will find support at 0.7094.

 

 

Article by ForexTime

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