March 24, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1021 | 1.1098 | 1.1225 |
| Support | 1.0817 | 1.0690 | 1.0613 |
| Primary Scenario | EURUSD is now trading near the previous top. If bulls manage to overweigh the bears’ pressure, it will retest the hurdle at 1.1021 and then higher at 1.1098. | ||
| Alternative Scenario | A comeback of the market will push the pair below the daily pivot (1.0894) and further down to 1.0817. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5005 | 1.5056 | 1.5140 |
| Support | 1.4869 | 1.4786 | 1.4734 |
| Primary Scenario | The pair is revolving slightly above the daily pivot point at 1.4921. An upward wave would lift GBPUSD to reach the resistance level at 1.5005 and even higher at 1.5056. | ||
| Alternative Scenario | On the other hand, a plunge of the market below the daily pivot will open the path down to the support level at 1.4869. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9766 | 0.9874 | 0.9937 |
| Support | 0.9595 | 0.9532 | 0.9424 |
| Primary Scenario | USDCHF is following a downtrend. If the pair manages to extend its bearish momentum it will target the support levels at 0.9595 and 0.9532. | ||
| Alternative Scenario | A higher thrust of the exchange rate will lead the pair above the daily pivot (0.9703) with immediate target the resistance level at 0.9766. RSI oscillator supports this outlook. | ||
 | USDJPY | H4 | |
| Resistance | 119.83 | 120.37 | 120.94 |
| Support | 119.29 | 119.02 | 118.70 |
| Primary Scenario | The USDJPY pair is now poised to retest the previous bottom at 119.29. A break back below this level will most likely push prices lower towards the forthcoming support at 119.29 and then lower at 118.70. | ||
| Alternative Scenario | Alternatively, a reversal back above the resistance at 119.83 will trigger the currency pair to target the next resistance level at 120.37. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7927 | 0.7980 | 0.8062 |
| Support | 0.7792 | 0.7710 | 0.7657 |
| Primary Scenario | AUDUSD surged above the daily pivot at 0.7845. A sustained trading above this level will generate strength for the market to climbs towards the next targets at 0.7927 and 0.7980 respectively. | ||
| Alternative Scenario | A drop of the market below the daily pivot point will push the pair to find support at 0.7792. | ||
Article by ForexTime
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