30 Dec

AUDUSD still indicates bullish implications.

December 30, 2015

	EURUSD	H4
Resistance	1.0973	1.1028	1.1065
Support	1.0880	1.0843	1.0787
Primary Scenario	EURUSD is hovering below the daily pivot point (1.0935). A decisive movement to the south will push the pair to find support at 1.0880 and then lower at 1.0843.
Alternative Scenario	Should the pair achieve to exceed the daily pivot, it will target the resistance at 1.0973.

	GBPUSD	H4
Resistance	1.4887	1.4963	1.5015
Support	1.4759	1.4708	1.4632
Primary Scenario	The pair is trading on the daily pivot point at 1.4836. If GBPUSD manages to withstand the sellers’ pressure, it will climb towards the resistance level at 1.4887 and further up to 1.4963.
Alternative Scenario	On the other hand, a comeback of the exchange rate will pave the path down to 1.4759.

	USDCHF	H4
Resistance	0.9957	0.9990	1.0038
Support	0.9875	0.9827	0.9794
Primary Scenario	USDCHF is moving sideways. A bounce up from current levels will fuel the pair to retest the barrier at 0.9957 and even higher at 0.9990.
Alternative Scenario	A tumble of the market below the daily pivot (0.9908) will lead the pair to hit the support level at 0.9875.

	USDJPY	H4
Resistance	120.55	120.86	121.34
Support	120.23	119.88	119.59
Primary Scenario	The pair is searching for direction. A plunge of USDJPY below the key support at 120.23 will open the way down to 119.88.
Alternative Scenario	Alternatively, a surge of the exchange rate will lift the market towards the resistance levels at 120.55 and 120.86.

	AUDUSD	H4
Resistance	0.7314	0.7337	0.7373
Support	0.7255	0.7220	0.7196
Primary Scenario	AUDUSD still indicates bullish implications. A persistent trading above the daily pivot will generate strength for the market to hit the resistance at 0.7314 and even higher at 0.7337.
Alternative Scenario.	A plunge of the pair below the daily pivot will push prices to find support at 0.7255.

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

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AUDUSD still indicates bullish implications.