AUDUSD cleared key supports.

EURUSD Technical Analysis
Resistance 1.1360 1.1386 1.1427
Support 1.1294 1.1253 1.1227
Primary Scenario The 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 Scenario A surge of EURUSD above the daily pivot at 1.1320, will lift the market towards the resistance level at 1.1360.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5283 1.5331 1.5364
Support 1.5202 1.5170 1.5122
Primary Scenario GBPUSD 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 Scenario An 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.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9310 0.9340 0.9380
Support 0.9239 0.9198 0.9168
Primary Scenario The 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 Scenario A setback of the pair will push prices below the daily pivot to find support at 0.9239.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 120.47 120.80 121.60
Support 119.88 119.22 118.82
Primary Scenario USDJPY 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 Scenario A reversal back of the market will lead the pair to find support at 119.88.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7775 0.7834 0.7875
Support 0.7674 0.7633 0.7574
Primary Scenario The 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 Scenario On 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.


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

Source:: AUDUSD cleared key supports.

About the Author
Forex Alchemy is your daily source of cutting edge information, tips, tools, articles, analysis from across the Forex trading industry. If you would like to guest post or contribute regular articles on Forex Alchemy then please contact us here.

Leave a Reply