AUDUSD topped up at 0.7381.

October 14, 2015

Article by ForexTime

EURUSD Technical AnalysisEURUSDH4Up Trend
Resistance1.14101.14441.1477
Support1.13431.13101.1276
Primary ScenarioEURUSD is trading near the previous top at 1.1410. If the pair achieves to penetrate this level, the next resistance is seen at 1.1444.
Alternative ScenarioA reversal back below the daily pivot (1.1377) will open the way down to 1.1343.

 

EURUSDH4

 

GBPUSD Technical AnalysisGBPUSDH4Up Trend
Resistance1.53551.54641.5542
Support1.51681.50901.4980
Primary ScenarioThe pair is negotiating on the daily pivot point at 1.5277. A bounce up from current levels will fuel the pair towards the resistance level at 1.5355 and further up to 1.5464.
Alternative ScenarioA failed attempt to move higher will push prices to find support at 1.5168.

 

GBPUSDH4

 

USDCHF Technical AnalysisUSDCHFH4Down Trend
Resistance0.96290.96830.9721
Support0.95370.94990.9445
Primary ScenarioUSDCHF is following a downtrend. Further drop of the market will push the market towards the support level at 0.9537 and then lower at 0.9499.
Alternative ScenarioShould the pair manage to exceed the daily pivot at 0.9591, it will target the forthcoming resistance level at 0.9629.

 

USDCHFH4

 

USDJPY Technical AnalysisUSDJPYH4Down Trend
Resistance119.72119.95120.33
Support119.47119.23118.67
Primary ScenarioThe USDJPY pair is trading in a bearish outlook. A decisive movement downwards will lead the exchange rate to breach the support at 119.47, with immediate target the next level at 119.23.
Alternative ScenarioAlternatively, a higher thrust of the market will lift the currency pair above the hurdle at 119.72, targeting the resistance level at 119.95.

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Down Trend
Resistance0.73230.74030.7444
Support0.72020.71620.7081
Primary ScenarioAUDUSD topped up at 0.7381, before closing below the daily pivot point (0.7283). A plunge of the pair below the support level at 0.7202 will pave the way down to 0.7162 and even lower at 0.7081.
Alternative Scenario.An upward wave would accelerate the market to reach the daily pivot and then higher to 0.7323.

 

AUDUSDH4

 


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