USDCHF is now poised to surpass the hurdle at 1.0099.

November 16, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0819 1.0868 1.0921
Support 1.0716 1.0663 1.0613
Primary Scenario EURUSD has tested the key support level slightly above 1.0663, before closing above the support level at 1.0716. Any forceful attempt to breach this support will push the pair to find support at 1.0663 and further down to 1.0613.
Alternative Scenario On the other hand, a successful penetration of the daily pivot (1.0766) will lift the exchange rate towards the resistance at 1.0819.

GBPUSD H4
Resistance 1.5268 1.5303 1.5344
Support 1.5193 1.5152 1.5117
Primary Scenario The pair is gyrating below the daily pivot point at 1.5227. A break back below the support at 1.5193 will pave the path down to 1.5152.
Alternative Scenario If the pair achieves to exceed the daily pivot, it will target the forthcoming resistance level at 1.5268.

USDCHF H4
Resistance 1.0099 1.0145 1.0195
Support 1.0002 0.9951 0.9905
Primary Scenario USDCHF is now poised to surpass the hurdle at 1.0099. If that happens, the next resistance is seen at 1.0145.
Alternative Scenario A plunge of GBPUSD below the daily pivot at 1.0048 will open the way towards the support level at 1.0002.

USDJPY H4
Resistance 122.60 123.06 123.59
Support 122.20 121.80 121.38
Primary Scenario The USDJPY pair opened within the Kumo with a negative gap. If the pair manages to withhold the sellers’ pressure, it will eliminate the upper level of the cloud (122.60), climbing towards the resistance level at 123.06.
Alternative Scenario Alternatively, further drop of the market will lead the pair towards the support at 122.20 and even lower at 121.80.

AUDUSD H4
Resistance 0.7154 0.7182 0.7207
Support 0.7102 0.7077 0.7049
Primary Scenario AUDUSD is oscillating below the daily pivot (0.7130). Any decisive movement to the south will push prices below the critical support at 0.7102, with immediate target 0.7077.
Alternative Scenario. An upward wave would fuel the pair above the daily pivot, targeting the resistance level at 0.7154.

 

Article by ForexTime

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