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AUDUSD bounced up from the previous bottom.
Posted On 04 Feb 2015
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| EURUSD | H4 | ||
| Resistance | 1.1570 | 1.1662 | 1.1791 |
| Support | 1.1349 | 1.1220 | 1.1128 |
| Primary Scenario | EURUSD surged above the daily pivot (1.1441). A sustained trading above this level will lead the pair to test the resistance level at 1.1570 and further up at 1.1662. | ||
| Alternative Scenario | A reversal back of the market will push prices below the daily pivot and then lower at 1.1349. | ||
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GBPUSD | H4 | |
| Resistance | 1.5245 | 1.5325 | 1.5454 |
| Support | 1.5036 | 1.4907 | 1.4827 |
| Primary Scenario | The pair managed to penetrate the daily pivot at 1.5116. If GBPUSD achieves to withhold the sellers’ pressure, it will climb towards the hurdle at 1.5245 and then higher at 1.5325. | ||
| Alternative Scenario | A comeback of the exchange rate below the daily pivot, will open the way down to the support level at 1.5036. | ||
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USDCHF | H4 | |
| Resistance | 0.9290 | 0.9347 | 0.9400 |
| Support | 0.9179 | 0.9126 | 0.9068 |
| Primary Scenario | USDCHF is gyrating the daily pivot point at 0.9237. A decisive movement to the north will trigger the market to target the resistance levels at 0.9290 and 0.9347. | ||
| Alternative Scenario | Should the pair manage to breach the daily pivot, the next support is seen at 0.9179. | ||
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USDJPY | H4 |  |
| Resistance | 117.99 | 118.48 | 118.85 |
| Support | 117.62 | 117.20 | 116.86 |
| Primary Scenario | The USDJPY pair is now testing the key support at the lower level of the Kumo (117.62). A plunge of the market below this level, will push prices to find support at 117.62 and then lower at 117.20. | ||
| Alternative Scenario | Alternatively, an upward wave would lift the pair towards the resistance level at 117.99. | ||
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AUDUSD | H4 | |
| Resistance | 0.7883 | 0.7977 | 0.8107 |
| Support | 0.7660 | 0.7531 | 0.7437 |
| Primary Scenario | The pair bounced up from the previous bottom and it is now heading towards the key resistance at 0.7883. A successful attempt to exceed this level, will fuel AUDUSD further to the next resistance at 0.7977. | ||
| Alternative Scenario | On the other hand, a setback of the market will push prices to find support at the daily pivot point at 0.7754. | ||
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