AUDUSD topped up at 0.7381.

October 14, 2015

Article by ForexTime

EURUSD H4
Resistance 1.1410 1.1444 1.1477
Support 1.1343 1.1310 1.1276
Primary Scenario EURUSD is trading near the previous top at 1.1410. If the pair achieves to penetrate this level, the next resistance is seen at 1.1444.
Alternative Scenario A reversal back below the daily pivot (1.1377) will open the way down to 1.1343.

 

 

GBPUSD H4
Resistance 1.5355 1.5464 1.5542
Support 1.5168 1.5090 1.4980
Primary Scenario The pair is negotiating on the daily pivot point at 1.5277. A bounce up from current levels will fuel the pair towards the resistance level at 1.5355 and further up to 1.5464.
Alternative Scenario A failed attempt to move higher will push prices to find support at 1.5168.

 

 

USDCHF H4
Resistance 0.9629 0.9683 0.9721
Support 0.9537 0.9499 0.9445
Primary Scenario USDCHF is following a downtrend. Further drop of the market will push the market towards the support level at 0.9537 and then lower at 0.9499.
Alternative Scenario Should the pair manage to exceed the daily pivot at 0.9591, it will target the forthcoming resistance level at 0.9629.

 

 

USDJPY H4
Resistance 119.72 119.95 120.33
Support 119.47 119.23 118.67
Primary Scenario The USDJPY pair is trading in a bearish outlook. A decisive movement downwards will lead the exchange rate to breach the support at 119.47, with immediate target the next level at 119.23.
Alternative Scenario Alternatively, a higher thrust of the market will lift the currency pair above the hurdle at 119.72, targeting the resistance level at 119.95.

AUDUSD H4
Resistance 0.7323 0.7403 0.7444
Support 0.7202 0.7162 0.7081
Primary Scenario AUDUSD topped up at 0.7381, before closing below the daily pivot point (0.7283). A plunge of the pair below the support level at 0.7202 will pave the way down to 0.7162 and even lower at 0.7081.
Alternative Scenario. An upward wave would accelerate the market to reach the daily pivot and then higher to 0.7323.

 

 

Article by ForexTime

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