USDCHF tested the hurdle at 0.9766.

September 23, 2015

Article by ForexTime

EURUSD H4
Resistance 1.1179 1.1240 1.1273
Support 1.1085 1.1051 1.0991
Primary Scenario EURUSD is following a downtrend. A failed attempt for a correction course will lead the market underway towards the support level at 1.1085 and then lower to 1.1051.
Alternative Scenario An upward wave would bring the market above the daily pivot, with immediate target the resistance at 1.1179.

 

 

GBPUSD H4
Resistance 1.5480 1.5598 1.5668
Support 1.5292 1.5222 1.5104
Primary Scenario The pair has managed to violate the daily pivot point at 1.5410. Further drop of GBPUSD will push prices lower towards the support level at 1.5292 and further down to 1.5222.
Alternative Scenario If the pair achieves to exceed the daily pivot, the next resistance is seen at 1.5480. RSI oscillator supports this outlook.

 

 

USDCHF H4
Resistance 0.9766 0.9782 0.9812
Support 0.9721 0.9691 0.9676
Primary Scenario USDCHF tested the hurdle at 0.9766 in the previous session. If the pair manages to withstand the sellers’ pressure, it will retest this level, targeting the forthcoming resistance at 0.9782.
Alternative Scenario A reversal back below the daily pivot will push the pair to find support at 0.9721.

 

 

USDJPY H4
Resistance 119.93 120.12 120.36
Support 119.65 119.25 118.85
Primary Scenario The pair intends to breach the support level at 119.65. If that happens, USDJPY will hit the support at 119.25.
Alternative Scenario A higher thrust of the market will trigger the exchange rate to surpass the lower level of the cloud at 119.93 and reach the next level at 120.12.

AUDUSD H4
Resistance 0.7144 0.7202 0.7247
Support 0.7042 0.6998 0.6940
Primary Scenario A strong bearish movement led AUDUSD below the key support level at 0.7042. Further plunge of the pair will lead the pair down to 0.6998 and 0.6940.
Alternative Scenario. An upside momentum would bring the market into a correction course, after surpassing the now-resistance at 0.7042. The next resistance is estimated at the daily pivot (0.7100). RSI is trading within an oversold territory.

 

 

Article by ForexTime

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