AUDUSD is now poised to exceed the hurdle at 0.7536.

June 23, 2016

Article by ForexTime

EURUSD H4
Resistance 1.1342 1.1390 1.1443
Support 1.1241 1.1188 1.1140
Primary Scenario EURUSD is now testing the hurdle at 1.1342. If the pair manages to seize the opportunity and exceed this level, the next resistance is seen at 1.1390 and even higher at 1.1443.
Alternative Scenario A comeback of the market would open the way down to the daily pivot (1.1289) and further down to 1.1241.

GBPUSD H4
Resistance 1.4771 1.4838 1.4903
Support 1.4639 1.4573 1.4506
Primary Scenario The pair surged into fresh highs. Should GBPUSD achieve to extend its bullish momentum, it will eliminate the barrier at 1.4838, targeting higher at 1.4903.
Alternative Scenario On the other hand, a reversal back below the key support at 1.4771 will push prices to find support at the daily pivot at 1.4709.

USDCHF H4
Resistance 0.9622 0.9663 0.9699
Support 0.9544 0.9508 0.9467
Primary Scenario USDCHF is negotiating on the daily pivot point (0.9585). A decisive movement to the north will trigger the market to retest the hurdle in line at 0.9622 and further up to 0.9663.
Alternative Scenario A break back below the daily pivot will push the pair to find support at 0.9544.

USDJPY H4
Resistance 104.86 105.15 105.75
Support 104.56 104.10 103.56
Primary Scenario The pair is trading narrowly below the Kumo. A failed attempt to move within the cloud will most likely push USDJPY below the support at 104.56, targeting the forthcoming level at 104.10.
Alternative Scenario Alternatively, a successful attempt to surpass the barrier at 104.86 would lift the exchange rate towards 104.15.

AUDUSD H4
Resistance 0.7536 0.7573 0.7621
Support 0.7451 0.7403 0.7366
Primary Scenario AUDUSD is now poised to exceed the hurdle at 0.7536. If that happens, the pair will climb towards the next resistance level at 0.7573 and even higher at 0.7621.
Alternative Scenario A correction course of the market below the daily pivot (0.7488) will open the way down to 0.7451.

 

Article by ForexTime

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