Analysis and Opinion »

AUDUSD soars today.

Share on StockTwits
Published on
EURUSD Technical AnalysisEURUSDH4Up Trend
Primary ScenarioEURUSD is heading towards the resistance level at 1.1368. A successful attempt to surpass this level will trigger the market to target the next resistance at 1.1396 and further up at 1.1436.
Alternative ScenarioAlternatively, a comeback of the exchange rate will push prices to breach the daily pivot point (1.1328), with immediate target the support level at 1.1300.



GBPUSD Technical AnalysisGBPUSDH4Up Trend
Primary ScenarioThe pair is now testing the hurdle at 1.5481. If GBPUSD manages to withhold the sellers’ pressure, it will penetrate this level. The next resistance is seen at 1.5512 and then higher at 1.5551.
Alternative ScenarioA failed attempt to move higher, will push the pair to find support at the daily pivot at 1.5412.



USDCHF Technical AnalysisUSDCHFH4Down Trend
Primary ScenarioUSDCHF is gyrating the daily pivot at 0.9497. A plunge of the pair will lead the currency rate to hit the support at 0.9473 and further down to 0.9444.
Alternative ScenarioAn upward wave will lift the market above the daily pivot and the next resistance at 0.9527.



USDJPY Technical AnalysisUSDJPYH4Down Trend
Primary ScenarioThe USDJPY pair is moving sideways, but below the cloud. A fruitless attempt to enter into the Kumo, will most likely push the market to violate the barrier at 118.61. If that happens, the next support is seen at 118.29 and even lower at 118.04.
Alternative ScenarioOn the other hand, a higher thrust of the pair will trigger the market to penetrate the resistance at 118.87 and the rate will enter the cloud.



AUDUSD Technical AnalysiAUDUSDH4Up Trend
Primary ScenarioAUDUSD soars today. A persistent trading above the support level at 0.7863, will generate strength for the market to target the forthcoming resistances at 0.7898 and 0.7961.
Alternative ScenarioA reversal back to breach the support at 0.7863 will open the way down to the daily pivot at 0.7801.



The post AUDUSD soars today. appeared first on Forex Circles.

Share on StockTwits