AUDUSD has just surpassed the daily pivot.

Posted On 20 Mar 2015

Tag: AUDUSD, EURUSD, GBPUSD, Support & Resistance

	EURUSD	H4
Resistance	1.0845	1.1034	1.1151
Support	1.0539	1.0423	1.0234
Primary Scenario	EURUSD is negotiating below the daily pivot at 1.0729. Any forceful movement to the south will lead the market to retest the support level at 1.0539.
Alternative Scenario	On the other hand, an upward momentum will lift the pair above the daily pivot. The next resistance is seen at 1.0845.

	GBPUSD	H4
Resistance	1.4946	1.5138	1.5267
Support	1.4624	1.4495	1.4303
Primary Scenario	The pair is moving sideways. A plunge of the market will push prices to find support at 1.4624 and even lower at 1.4495.
Alternative Scenario	Alternatively, a surge of GBPUSD above the daily pivot (1.4816) may trigger the market to reach the resistance level at 1.4946.

	USDCHF	H4
Resistance	0.9997	1.0096	1.0210
Support	0.9784	0.9670	0.9571
Primary Scenario	USDCHF is gyrating the daily pivot point at 0.9883. An upward wave would push the pair to retest the forthcoming resistance at 0.9997 and then lower at 1.0096.
Alternative Scenario	A comeback of the exchange rate will open the way down to the support level at 0.9784.

	USDJPY	H4
Resistance	120.69	121.23	121.66
Support	120.41	120.05	119.29
Primary Scenario	The pair is now testing the resistance level at 120.68. A failed attempt to penetrate this level will most likely push prices to reverse and reach the support levels at 120.41 and 120.05.
Alternative Scenario	Should the pair achieve to exceed the hurdle at 120.68, it will climb towards the upper level of the cloud at 121.23.

	AUDUSD	H4
Resistance	0.7766	0.7885	0.7963
Support	0.7569	0.7491	0.7372
Primary Scenario	AUDUSD has just surpassed the daily pivot at 0.7688. If the pair manages to extend its momentum it will target the resistance levels at 0.7766 and 0.7885.
Alternative Scenario	A break back below the daily pivot will lead the pair to hit the support level at 0.7569.

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