AUDUSD is now testing the support level at 0.7403.

June 27, 2016

Article by ForexTime

EURUSD Technical AnalysisEURUSDH4Down Trend
Resistance1.13421.13901.1443
Support1.12411.11881.1140
Primary ScenarioEURUSD 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 ScenarioA higher thrust of the market will trigger the pair to hit the now-resistance level at 1.1140.

EURUSDH4

GBPUSD Technical AnalysisGBPUSDH4Down Trend
Resistance1.47711.48381.4903
Support1.46391.45731.4506
Primary ScenarioThe 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 ScenarioOn the other hand, a surge of the exchange rate would lift the currency pair towards 1.3554.

GBPUSDH4

USDCHF Technical AnalysisUSDCHFH4up-trend
Resistance0.96220.96630.9699
Support0.95440.95080.9467
Primary ScenarioUSDCHF 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 ScenarioA downward wave would push prices to find support at 0.9699.

USDCHFH4

USDJPY Technical AnalysisUSDJPYH4Down Trend
Resistance102.36103.17103.95
Support101.45100.2298.95
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 ScenarioAlternatively, an upward wave above the barrier at 102.36 will fuel the pair towards 103.17.

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Down Trend
Resistance0.75360.75730.7621
Support0.74510.74030.7366
Primary ScenarioAUDUSD 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 ScenarioIf the pair manages to withhold the sellers’ pressure, it will climb towards the resistance level at 0.7451.

AUDUSDH4

 


Forex-Time-LogoArticle by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com