Home » Analysis & Opinion »

Analysis and Opinion »

AUDUSD cleared key supports.

FXTM UUIIFXBR
Share on StockTwits
Published on
www.forextime.com
EURUSD Technical AnalysisEURUSDH4Down Trend
Resistance1.13601.13861.1427
Support1.12941.12531.1227
Primary ScenarioThe trend has been neutral in the previous sessions. Any purposeful movement to the south, to violate the barrier at 1.1294 will open the way down to the forthcoming support at 1.1253.
Alternative ScenarioA surge of EURUSD above the daily pivot at 1.1320, will lift the market towards the resistance level at 1.1360.

 

EURUSDH4

GBPUSD Technical AnalysisGBPUSDH4Down Trend
Resistance1.52831.53311.5364
Support1.52021.51701.5122
Primary ScenarioGBPUSD is moving sideways. A drop of the pair below the key support level at 1.5202 will most likely push the market lower at 1.5170.
Alternative ScenarioAn upward wave would act as a catalyst for the exchange rate to penetrate the daily pivot (1.5250) and to climb towards the resistance level at 1.5283.

 

GBPUSDH4

USDCHF Technical AnalysisUSDCHFH4Up Trend
Resistance0.93100.93400.9380
Support0.92390.91980.9168
Primary ScenarioThe pair finally managed to surpass the daily pivot point at 0.9269. A sustained trading above this level will trigger the market to retest and exceed the hurdle at 0.9310, with immediate target the next resistance at 0.9340.
Alternative ScenarioA setback of the pair will push prices below the daily pivot to find support at 0.9239.

 

USDCHFH4

USDJPY Technical AnalysisUSDJPYH4Up Trend
Resistance120.47120.80121.60
Support119.88119.22118.82
Primary ScenarioUSDJPY is negotiating near the previous top at 120.47. If the pair manages to extend its uptrend, it will eye the resistance levels at 120.47 and then higher at 120.80.
Alternative ScenarioA reversal back of the market will lead the pair to find support at 119.88.

 

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Down Trend
Resistance0.77750.78340.7875
Support0.76740.76330.7574
Primary ScenarioThe pair has violated the daily pivot point (0.7734) and then cleared the support level at 0.7674. Should the pair manage to breach the support level at 0.7633, the next support level is seen at 0.7574.
Alternative ScenarioOn the other hand, an attempt to penetrate the resistance at 0.7674 will generate strength for AUDUSD to target the daily pivot at 0.7734. RSI oscillator supports this outlook.

 

AUDUSDH4

The post AUDUSD cleared key supports. appeared first on Forex Circles.

Share on StockTwits


More from Finances