AUDUSD cleared the given levels at 0.7127 and 0.7146.

November 19, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0693 1.0730 1.0768
Support 1.0618 1.0580 1.0544
Primary Scenario EURUSD surged above the key resistance at 1.0693. If the pair achieves to extend its momentum, the next resistance is seen at 1.0730 and even higher at 1.0768.
Alternative Scenario A comeback of the exchange rate below the support level at 1.0693 will open the way down to 1.0655 (daily pivot).

GBPUSD H4
Resistance 1.5259 1.5283 1.5319
Support 1.5199 1.5163 1.5138
Primary Scenario The pair turned sharply bullish and is now testing the hurdle at 1.5283. A successful penetration of this level will fuel the pair further towards the resistance level at 1.5319.
Alternative Scenario A reversal back below the now-support level at 1.5259 will lead GBPUSD to find support at the daily pivot point at 1.5223.

USDCHF H4
Resistance 1.0234 1.0273 1.0326
Support 1.0141 1.0088 1.0049
Primary Scenario USDCHF edged up at 1.0219, before closing below the daily pivot at 1.0180. Further drop of the market will push the pair to breach the level at 1.0141, targeting the forthcoming support at 1.0088.
Alternative Scenario Alternatively, a higher thrust of the market above the daily pivot will lift the rate towards the resistance level at 1.0234.

USDJPY H4
Resistance 123.51 124.14 124.64
Support 123.07 122.90 122.37
Primary Scenario The strength of the market faded, but USDJPY is still trading above the Kumo. Any decisive movement to the north will trigger the market to climb towards the resistance levels at 123.51 and 124.14.
Alternative Scenario On the other hand, a plunge of the market below the support level at 123.07 will pave the path down to the upper level of the cloud at 122.90.

AUDUSD H4
Resistance 0.7127 0.7146 0.7176
Support 0.7079 0.7049 0.7030
Primary Scenario A strong bullish momentum led AUDUSD to clear the given levels at 0.7127 and 0.7146. If the pair manages to withstand the sellers’ pressure, it will eliminate the hurdle at 0.7176 with immediate target the resistance level at 0.7194 and then higher at 0.7222.
Alternative Scenario. Should the pair enter into a correction course, the next support is seen at 0.7146 and further down to 0.7127.

 

Article by ForexTime

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