AUDUSD lost its momentum.

November 17, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0737 1.0788 1.0820
Support 1.0654 1.0622 1.0570
Primary Scenario EURUSD is now testing the support level at 1.0654, after violating the daily pivot at 1.0705. If the pair achieves to breach this level, it will pave the way down to 1.0622 and then lower at 1.0570.
Alternative Scenario A higher thrust of the currency pair will fuel the pair towards the daily pivot.

GBPUSD H4
Resistance 1.5230 1.5258 1.5283
Support 1.5177 1.5152 1.5124
Primary Scenario The pair has finally managed to break the key support level at 1.5177. Further drop of the market will push GBPUSD to target the next level at 1.5152 and even deeper at 1.5124.
Alternative Scenario An upward wave above the support at 1.5177 will lift the exchange rate towards the daily pivot point at 1.5205.

USDCHF H4
Resistance 1.0116 1.0138 1.0175
Support 1.0057 1.0020 0.9997
Primary Scenario USDCHF surged into a fresh top in today’s session. A successful attempt to exceed the hurdle at 1.0116 will trigger the market to hit the forthcoming resistance level at 1.0138 and further up to 1.0175.
Alternative Scenario A comeback of the market would push prices to find support at the daily pivot point at 1.0079.

USDJPY H4
Resistance 123.59 124.14 124.64
Support 123.15 122.83 122.37
Primary Scenario The pair is negotiating near the previous high at 123.59. Should USDJPY manage to penetrate this level, it will climb towards the resistance level at 124.14.
Alternative Scenario On the other hand, a plunge of the market below the support level at 123.15 will lead the market down to the upper level of the cloud at 122.83.

AUDUSD H4
Resistance 0.7122 0.7153 0.7174
Support 0.7070 0.7049 0.7018
Primary Scenario AUDUSD lost its momentum and indicated bearish implications. A break back below the support level at 0.7070 will open the way down to 0.7049.
Alternative Scenario. Alternatively, if the pair manages to exceed the daily pivot (0.7101) it will target the resistance level at 0.7122.

 

Article by ForexTime

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