October 23, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1272 | 1.1436 | 1.1523 |
| Support | 1.1021 | 1.0935 | 1.0770 |
| Primary Scenario | EURUSD slumped in today’s session. If the pair manages to extend its downtrend, the next support is seen at 1.1021 and then lower at 1.0935. | ||
| Alternative Scenario | A correction course of the currency pair will lift the market towards the daily pivot point at 1.1186 and even higher to 1.1272. RSI oscillator supports this outlook. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5475 | 1.5559 | 1.5613 |
| Support | 1.5337 | 1.5284 | 1.5199 |
| Primary Scenario | The pair is gyrating the daily pivot at 1.5421. A decisive movement to the south will push GBPUSD to target the support level at 1.5337 and further down to 1.5284. | ||
| Alternative Scenario | On the other hand, a successful penetration of the daily pivot point will fuel the pair further towards the resistance at 1.5475. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9784 | 0.9840 | 0.9943 |
| Support | 0.9625 | 0.9523 | 0.9467 |
| Primary Scenario | USDCHF surged into a fresh top. If the pair manages to withhold the sellers’ pressure, the exchange rate will climb towards the resistance level at 0.9784 and then higher at 0.9840. | ||
| Alternative Scenario | A reversal back would push prices to find support at the daily pivot point at 0.9681. RSI is trading within the overbought territory. | ||
 | USDJPY | H4 | |
| Resistance | 120.99 | 121.30 | 121.73 |
| Support | 120.54 | 120.28 | 120.04 |
| Primary Scenario | The pair is negotiating with bullish implications. Should USDJPY achieve to exceed the hurdle at 120.99, the next resistance is estimated at 121.30. | ||
| Alternative Scenario | Alternatively, a break back below the barrier at 120.54 would lead the currency pair down to the support level at 120.28. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7234 | 0.7265 | 0.7292 |
| Support | 0.7177 | 0.7151 | 0.7120 |
| Primary Scenario | AUDUSD has cleared the hurdle in line at 0.7234. Any forceful attempt to surpass the forthcoming resistance at 0.7265 will trigger the market to hit higher the next target at 0.7292. | ||
| Alternative Scenario. | A plunge of the market below the daily pivot (0.7208) will open the way down to 0.7177. | ||
Article by ForexTime
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