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AUDUSD has achieved to bounce up from the previous bottom.
Posted On 21 Nov 2014
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| EURUSD | H4 | ||
| Resistance | 1.2573 | 1.2609 | 1.2643 |
| Support | 1.2503 | 1.2468 | 1.2432 |
| Primary Scenario | EURUSD is oscillating around the daily pivot at 1.2538. A decisive movement to the north will trigger the market to hit the barrier at 1.2573 and then higher at 1.2609. | ||
| Alternative Scenario | A breach below the daily pivot, will push prices lower to the support level at 1.2503. | ||
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GBPUSD | H4 |  |
| Resistance | 1.5741 | 1.5791 | 1.5846 |
| Support | 1.5635 | 1.5581 | 1.5530 |
| Primary Scenario | The pair is pivoting across the daily pivot point (1.5686). A plunge of GBPUSD will lead the currency rate down to the forthcoming support at 1.5635 and further lower at 1.5581. | ||
| Alternative Scenario | An upward wave, would lift the market above the daily pivot and then higher at 1.5741. | ||
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USDCHF | H4 | |
| Resistance | 0.9608 | 0.9633 | 0.9661 |
| Support | 0.9555 | 0.9527 | 0.9503 |
| Primary Scenario | USDCHF is gyrating the daily pivot point at 0.9580. An impulsive movement upwards will generate strength for the market to retest the hurdle at 0.9608. A successful penetration of this level will fuel the pair further towards the resistance level at 0.9633. | ||
| Alternative Scenario | A tumble of the exchange rate below the daily pivot will push prices to find support at 0.9555. | ||
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USDJPY | H4 | |
| Resistance | 118.17 | 118.98 | 119.77 |
| Support | 117.72 | 117.34 | 116.80 |
| Primary Scenario | USDJPY recovered from its correction course and it is now heading to the resistance level at 118.17. If the pair manages to exceed this level, it will climb towards the previous peak at 118.98. | ||
| Alternative Scenario | A break back below the support at 117.72, will lead the pair into a deeper correction, down to 117.34. | ||
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AUDUSD | H4 | |
| Resistance | 0.8650 | 0.8682 | 0.8725 |
| Support | 0.8576 | 0.8533 | 0.8501 |
| Primary Scenario | AUDUSD has achieved to bounce up from the previous bottom and for the moment is retesting the hurdle at 0.8650. A successful surpass of this level will generate strength for the market to target the resistance level at 0.8682. | ||
| Alternative Scenario | Alternatively, a dip of the market will open the way towards the support level at 0.8576. | ||
The post AUDUSD has achieved to bounce up from the previous bottom. appeared first on Forex Circles.
Source:: AUDUSD has achieved to bounce up from the previous bottom.
