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AUDUSD edged up at 0.7690.
Posted On 06 Apr 2015
Comment: 0
| EURUSD | H4 | ||
| Resistance | 1.1041 | 1.1115 | 1.1204 |
| Support | 1.0879 | 1.0790 | 1.0717 |
| Primary Scenario | EURUSD has experienced strong resistance at 1.1041. A successful penetration of this level will most likely generate strength for the market to target the forthcoming resistance at 1.1115. | ||
| Alternative Scenario | A plunge of the exchange rate below the daily pivot at 1.0952 will push prices to find support at 1.0879. | ||
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GBPUSD | H4 | |
| Resistance | 1.4970 | 1.5025 | 1.5105 |
| Support | 1.4835 | 1.4755 | 1.4700 |
| Primary Scenario | The pair is trading slightly above the daily pivot at 1.4890. A decisive upward momentum will lead GBPUSD to exceed the hurdle at 1.4970, with immediate target the resistance at 1.5025. | ||
| Alternative Scenario | On the other hand, a comeback of the pair will push the pair below the daily pivot, opening the way down to 1.4835. | ||
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USDCHF | H4 |  |
| Resistance | 0.9577 | 0.9657 | 0.9707 |
| Support | 0.9447 | 0.9398 | 0.9318 |
| Primary Scenario | USDCHF is gyrating the daily pivot point at 0.9528. Any forceful movement to the south will lead the market towards the support level at 0.9447 and further down to 0.9398. | ||
| Alternative Scenario | Alternatively, a higher thrust of the pair will fuel the market towards the resistance level at 0.9577. | ||
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USDJPY | H4 | |
| Resistance | 119.42 | 119.87 | 120.39 |
| Support | 118.71 | 118.32 | 117.84 |
| Primary Scenario | The USDJPY pair dropped sharply in the previous session. Further drop of the market will open the way down towards the support levels at 118.71 and 118.32. | ||
| Alternative Scenario | An upward wave would act as a catalyst for the market to reach the resistance level at the Kumo at 119.42. | ||
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AUDUSD | H4 | |
| Resistance | 0.7690 | 0.7750 | 0.7811 |
| Support | 0.7569 | 0.7509 | 0.7449 |
| Primary Scenario | AUDUSD edged up at 0.7690, before closing below the daily pivot at 0.7630. A downward movement will push the pair to find support at 0.7569 and then lower at 0.7509. | ||
| Alternative Scenario | A surge of the market above the daily pivot will lift the pair to retest the resistance at 0.7690. | ||
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Source:: AUDUSD edged up at 0.7690.
