AUDUSD has experienced strong resistance in that key zone.

EURUSD Technical Analysis
Resistance 1.1063 1.1123 1.1203
Support 1.0922 1.0842 1.0782
Primary Scenario EURUSD is negotiating slightly above the daily pivot point at 1.0982. Any decisive upward momentum will most likely accelerate the market to retest the previous high at 1.1063 and further up to 1.1123.
Alternative Scenario A comeback of the currency pair would pave the path below the daily pivot, targeting the support level at 1.0922.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.4279 1.4333 1.4419
Support 1.4139 1.4053 1.3998
Primary Scenario The pair is hovering near the previous top. If GBPUSD manages to withhold the sellers’ pressure, it will climb towards the resistance level at 1.4279 and even higher at 1.4333.
Alternative Scenario On the other hand, a break back below the daily pivot (1.4193) will push prices to find support at 1.4139.


USDCHF Technical Analysis USDCHF H4
Resistance 0.9981 1.0039 1.0091
Support 0.9871 0.9820 0.9762
Primary Scenario USDCHF is oscillating around the daily pivot point at 0.9929. A bounce up from current levels will fuel the market to retest the hurdle at 0.9981. A successful penetration of this level will lift the exchange rate towards the forthcoming resistance at 1.0039.
Alternative Scenario A plunge of the market below the daily pivot will open the way down to 0.9871.


USDJPY Technical Analysis USDJPY H4
Resistance 113.79 114.23 114.53
Support 113.59 113.38 113.10
Primary Scenario The strength of the market faded. Should a breakout occur at 113.79, USDJPY will attempt to hit the next resistance at 114.23 and then higher at 114.53.
Alternative Scenario Alternatively, a tumble of the market will lead the pair to find support at 113.59 and further down to 113.38.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7473 0.7579 0.7576
Support 0.7370 0.7303 0.7267
Primary Scenario AUDUSD has experienced strong resistance in that key zone. If the pair achieves to extend its uptrend, the next resistance is seen at 0.7473 and even higher at 0.7579.
Alternative Scenario Any breach of the daily pivot at 0.7406 will lead the market into a correction course, targeting down the support level at 0.7370. RSI oscillator supports this outlook.


The post AUDUSD has experienced strong resistance in that key zone. appeared first on FXTM Blog.

Source:: AUDUSD has experienced strong resistance in that key zone.

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 [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

Related Posts

Leave a Reply