AUDUSD cleared the support levels 0.8188 and 0.8155.

Posted On 17 Dec 2014
By :
EURUSD Technical Analysis
Resistance 1.2574 1.2639 1.2710
Support 1.2438 1.2368 1.2303
Primary Scenario The pair edged up at 1.2574, before retracing back below the daily pivot (1.2503). Further drop of the market will push EURUSD below the daily pivot and even lower at 1.2438.
Alternative Scenario On the other hand, a successful surpass above the daily pivot, will trigger the market to target the resistance level at 1.2574.


GBPUSD Technical Analysis GBPUSD H4 Up Trend
Resistance 1.5818 1.5888 1.5992
Support 1.5644 1.5540 1.5470
Primary Scenario GBPUSD is hovering above the daily pivot at 1.5714. Any decisive movement to the north, will lead the pair towards the resistance level at 1.5818. The next resistance is seen at 1.5888.
Alternative Scenario A plunge of the currency rate below the daily pivot, will most likely push prices to find support at 1.5644.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9651 0.9706 0.9756
Support 0.9547 0.9498 0.9443
Primary Scenario The pair bounced up from the previous low and achieved to exceed the daily pivot (0.9602). If USDCHF manages to extend its momentum, it will hit the resistance levels at 0.9651 and 0.9706.
Alternative Scenario A setback of the exchange rate, will open the way down to the support level at 0.9547.


USDJPY Technical Analysis USDJPY H4
Resistance 117.11 117.55 118.14
Support 116.79 116.44 115.56
Primary Scenario USDJPY is following a downtrend. If the bears manage to withhold the bulls’ pressure, it will fall further down to the support level at 116.79 and then lower at 116.44.
Alternative Scenario Alternatively, should the pair achieve to penetrate the hurdle at 117.11, it will target the next level at 117.55.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.8260 0.8304 0.8334
Support 0.8185 0.8155 0.8111
Primary Scenario A strong move to the south, led the pair to clear the support levels 0.8188 and 0.8155. The next support is seen at 0.8111.
Alternative Scenario An upward wave would push AUDUSD above the resistance at 0.8155 and further up at 0.8185.


The post AUDUSD cleared the support levels 0.8188 and 0.8155. appeared first on Forex Circles.

Source:: AUDUSD cleared the support levels 0.8188 and 0.8155.

About the Author

Leave a Reply