August 12, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1099 | 1.1157 | 1.1226 |
| Support | 1.0971 | 1.0902 | 1.0843 |
| Primary Scenario | EURUSD is now testing the hurdle at 1.1099. A successful attempt to penetrate this level will most likely fuel the pair further towards the resistance levels at 1.1157 and 1.1226. | ||
| Alternative Scenario | A reversal back below the daily pivot point (1.1029) will push the market down to 1.0971. | ||
 | GBPUSD | H4 |  |
| Resistance | 1.5602 | 1.5636 | 1.5660 |
| Support | 1.5544 | 1.5520 | 1.5487 |
| Primary Scenario | The pair is gyrating the daily pivot at 1.5578. A plunge of GBPUSD below the key support level at 1.5544 will lead the market to find support at 1.5520. | ||
| Alternative Scenario | Alternatively, a surge of the market above the daily pivot will lift the exchange rate towards the resistance level at 1.5602. | ||
 | USDCHF | H4 | |
| Resistance | 0.9920 | 0.9961 | 1.0021 |
| Support | 0.9820 | 0.9760 | 0.9719 |
| Primary Scenario | USDCHF is pivoting around the daily pivot point at 0.9842. A persistent trading below this level will push prices down to 0.9820 and even lower towards the support level at 0.9760. | ||
| Alternative Scenario | A higher thrust of the market will trigger the market to exceed the daily pivot, with immediate target the resistance at 0.9920. | ||
 | USDJPY | H4 | |
| Resistance | 125.26 | 125.83 | 126.45 |
| Support | 125.00 | 124.71 | 124.38 |
| Primary Scenario | The USDJPY surged into fresh highs in today’s session. If the market manages to extend its momentum and surpass the hurdle at 125.26, the next resistance is estimated at 125.83. | ||
| Alternative Scenario | On the other hand, a break below the support at 125.00 will open the way down to 124.71. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7398 | 0.7496 | 0.7554 |
| Support | 0.7242 | 0.7184 | 0.7086 |
| Primary Scenario | AUDUSD is now trading slightly above the important support at 0.7242. A decisive movement to the south will push the pair further lower towards the forthcoming support level at 0.7184 and then deeper to 0.7086. | ||
| Alternative Scenario. | A higher thrust of the exchange rate would bring the market into a correction course, targeting the daily pivot point at 0.7340. | ||
Article by ForexTime
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