AUDUSD still indicates bullish implications.

December 30, 2015

Article by ForexTime

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

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