AUDUSD has tested the resistance at 0.7466.

Posted On 30 Jun 2016

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.1112	1.1162	1.1214
Support	1.1011	1.0959	1.0909
Primary Scenario	EURUSD is now testing the hurdle in line at 1.1112. If the pair manages to seize the opportunity and surpass this level, the next resistance is seen at 1.1162 and then higher at 1.1214.
Alternative Scenario	A comeback of the market will push prices to find support at the daily pivot (1.1061) and further down to 1.0959.

	GBPUSD	H4
Resistance	1.3438	1.3538	1.3659
Support	1.3218	1.3097	1.2998
Primary Scenario	The pair is negotiating slightly below the barrier at 1.3438. Should GBPUSD achieve to penetrate this level, it will climb towards the resistance level at 1.3538 and further up to 1.3659.
Alternative Scenario	Alternatively, a plunge of the market below the daily pivot will pave the path down to 1.3218.

	USDCHF	H4
Resistance	0.9848	0.9879	0.9922
Support	0.9774	0.9731	0.9700
Primary Scenario	USDCHF is gyrating the daily pivot point at 0.9805. A decisive movement to the south will open the way down to 0.9774 and then lower at 0.9731.
Alternative Scenario	A surge of the market above the daily pivot will fuel the pair to retest the hurdle at 0.9848.

	USDJPY	H4
Resistance	103.23	103.95	104.86
Support	102.17	101.36	100.22
Primary Scenario	The pair is searching for direction, but still below the Kumo. Any forceful attempt to violate the key support at 102.17 will open the way down to 101.36 and even lower at 100.22.
Alternative Scenario	On the other hand, an upward wave would lift USDJPY towards 103.23 and then higher at 103.95.

	AUDUSD	H4
Resistance	0.7424	0.7466	0.7518
Support	0.7331	0.7279	0.7238
Primary Scenario	AUDUSD has tested the resistance at 0.7466. If the pair manages to withstand the sellers’ pressure, the exchange rate will eliminate this level, with immediate target the level at 0.7518.
Alternative Scenario	A setback of the currency pair will lead the market down to 0.7373 (daily pivot).

The post AUDUSD has tested the resistance at 0.7466. appeared first on FXTM Blog.

Source:: AUDUSD has tested the resistance at 0.7466.

About the Author

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC. Our mission is to maximize the value our clients derive from their most precious commodity, "Time"! By offering advanced and innovative services, optimal customer care and perpetual devotion to our clients, we will ensure that their individual needs are always met as markets continue to evolve over time. Visit ForexTime to learn more www.forextime.com [space height="20"] [social type="facebook"]https://www.facebook.com/ForexTime[/social] [social type="twitter"]https://twitter.com/ItsForexTime[/social] [social type="google-plus"]https://plus.google.com/u/0/+ForextimeFXTM/posts[/social] [social type="youtube"]https://www.youtube.com/user/ItsForexTime[/social]