USDCHF is searching for direction.

September 11, 2015

Article by ForexTime

EURUSD H4
Resistance 1.1324 1.1371 1.1448
Support 1.1201 1.1124 1.1077
Primary Scenario EURUSD jumped above the daily pivot (1.1248) in the previous session. Should the pair achieve to withstand the sellers’ pressure, the exchange rate will climb towards the resistance level at 1.1324 and even higher at 1.1371.
Alternative Scenario A plunge of the pair below the daily pivot point will pave the way down to 1.1201.

 

 

GBPUSD H4
Resistance 1.5498 1.5555 1.5635
Support 1.5361 1.5280 1.5223
Primary Scenario The pair surged into fresh highs and is now negotiating above the daily pivot at 1.5418. If the pair manages to extend its uptrend, it will target the resistance levels at 1.5498 and 1.5555.
Alternative Scenario A reversal back below the daily pivot point will push prices to find support at 1.5361. RSI oscillator supports this sentiment.

 

 

USDCHF H4
Resistance 0.9781 0.9832 0.9873
Support 0.9689 0.9649 0.9597
Primary Scenario USDCHF is searching for direction. A decisive movement to the south will most likely lead the market to breach the barrier at 0.9689, with immediate target the support level at 0.9649.
Alternative Scenario A higher thrust of the currency pair would lift the rate to reach the key resistance level at 0.9781.

 

 

USDJPY H4
Resistance 120.95 121.31 121.77
Support 120.63 120.14 119.34
Primary Scenario The pair has experienced strong resistance in the previous session. A successful attempt to penetrate the hurdle at 120.95 will trigger the market to target the resistance level at 121.31 and even higher at 121.77.
Alternative Scenario Alternatively, a break back below the support level at 120.63 will push prices to find support at the upper level of the cloud (120.14).

AUDUSD H4
Resistance 0.7130 0.7191 0.7283
Support 0.6976 0.6884 0.6822
Primary Scenario AUDUSD has finally managed to exceed the daily pivot point at 0.7037. A persistent trading above this level will generate strength for the market to hit the resistance level at 0.7130 and then higher at 0.7191.
Alternative Scenario. On the other hand, a downward wave below the daily pivot would open the way down to 0.6976.

 

 

Article by ForexTime

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