AUDUSD is now testing the support level at 0.7403.

June 27, 2016

Article by ForexTime

EURUSD H4
Resistance 1.1342 1.1390 1.1443
Support 1.1241 1.1188 1.1140
Primary Scenario EURUSD is still under pressure, trading below the given levels. A decisive movement to the south below the key support at 1.0984 will open the way down to 1.0907 and then lower at 1.0819.
Alternative Scenario A higher thrust of the market will trigger the pair to hit the now-resistance level at 1.1140.

GBPUSD H4
Resistance 1.4771 1.4838 1.4903
Support 1.4639 1.4573 1.4506
Primary Scenario The pair opens with a gap. Should the bears manage to take control of the bulls, GBPUSD will attempt to retest the previous low at 1.3231.
Alternative Scenario On the other hand, a surge of the exchange rate would lift the currency pair towards 1.3554.

USDCHF H4
Resistance 0.9622 0.9663 0.9699
Support 0.9544 0.9508 0.9467
Primary Scenario USDCHF is still negotiating above the given resistance levels at 0.9699. Should a breakout occur, the pair will surpass the hurdle at 0.9754, with immediate target the next resistance at 0.9801.
Alternative Scenario A downward wave would push prices to find support at 0.9699.

USDJPY H4
Resistance 102.36 103.17 103.95
Support 101.45 100.22 98.95
Primary Scenario The bearish outlook is still in effect. If USDJPY achieves to violate the important support at 101.45, the exchange rate will attempt to reach the forthcoming levels at 100.22 and even deeper at 98.95.
Alternative Scenario Alternatively, an upward wave above the barrier at 102.36 will fuel the pair towards 103.17.

AUDUSD H4
Resistance 0.7536 0.7573 0.7621
Support 0.7451 0.7403 0.7366
Primary Scenario AUDUSD is now testing the support level at 0.7403. A break back below this level will push the pair to find support at 0.7366 and further down to 0.7320.
Alternative Scenario If the pair manages to withhold the sellers’ pressure, it will climb towards the resistance level at 0.7451.

 

Article by ForexTime

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