AUDUSD surged in this month’s highs.

November 25, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0669 1.0697 1.0723
Support 1.0616 1.0590 1.0562
Primary Scenario EURUSD is now testing the resistance level at 1.0669. A successful penetration of this level will trigger the market to hit the forthcoming resistance level at 1.0697.
Alternative Scenario A setback of the currency pair below the daily pivot will pave the path down to 1.0616.

GBPUSD H4
Resistance 1.5136 1.5196 1.5238
Support 1.5034 1.4992 1.4932
Primary Scenario The pair bounced up from the previous bottom and is now negotiating above the daily pivot (1.5094). If GBPUSD manages to withhold the sellers’ pressure, the next resistance is seen at 1.5136 and then higher at 1.5196.
Alternative Scenario A plunge of the exchange rate will push the pair below the daily pivot, with immediate target the support level at 1.5034.

USDCHF H4
Resistance 1.0190 1.0216 1.0240
Support 1.0140 1.0116 1.0090
Primary Scenario USDCHF is pivoting around the daily pivot point at 1.0166. A decisive movement to the south will push prices to find support at 1.0140 and even lower at 1.0116.
Alternative Scenario An upward wave above the daily pivot will lead the way up to 1.0190.

USDJPY H4
Resistance 122.47 122.77 122.97
Support 122.25 121.91 121.51
Primary Scenario The pair is now trading below the Kumo. If the bears achieve to take control of the bulls, the level at 122.25 will be breached and the next support level is estimated at 121.91.
Alternative Scenario On the other hand, a higher thrust of USDJPY will exceed the hurdle at 122.47, targeting the next resistance at 122.77.

AUDUSD H4
Resistance 0.7277 0.7302 0.7349
Support 0.7205 0.7159 0.7134
Primary Scenario AUDUSD surged in this month’s highs. If the pair manages to extend its momentum, it will surpass the hurdle at 0.7277, targeting the forthcoming resistance level at 0.7302.
Alternative Scenario. A comeback of the market will push the rate to find support at 0.7205. RSI oscillator supports this outlook.

 

Article by ForexTime

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