AUDUSD is heading towards the hurdle at 0.7500.

Posted On 11 Mar 2016

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.1321	1.1467	1.1717
Support	1.0925	1.0675	1.0529
Primary Scenario	After high volatility in the previous session, EURUSD dominated above the daily pivot (1.1071). If the bulls manage to over-weigh the bears pressure, it will lead the exchange rate towards the next target in line at 1.1321.
Alternative Scenario	Should the pair break back below the daily pivot point, it will move down to retest the support level at 1.0925.

	GBPUSD	H4
Resistance	1.4356	1.4435	1.4555
Support	1.4157	1.4038	1.3958
Primary Scenario	A strong bullish movement led GBPUSD to surpass the daily pivot at 1.4236. Further increase of the currency pair will most likely surge the market further, targeting the forthcoming resistance levels at 1.4356 and 1.4435.
Alternative Scenario	On the other hand, a breach of the daily pivot point will open the way down to 1.4157.

	USDCHF	H4
Resistance	1.0023	1.0198	1.0306
Support	0.9741	0.9633	0.9458
Primary Scenario	USDCHF pummeled in the previous session and violated the daily pivot at 0.9916. If the pair achieves to extend its momentum, it will find support at 0.9741 and further down to 0.9633.
Alternative Scenario	A higher thrust of the exchange rate would lift the pair above the daily pivot, with immediate target the resistance at 1.0023.

	USDJPY	H4
Resistance	113.51	114.21	114.54
Support	113.06	112.78	112.22
Primary Scenario	The pair is now poised to penetrate the upper level of the Kumo at 113.51. If that happens, the next resistance is estimated at 114.21 and even higher at 114.54.
Alternative Scenario	Alternatively, a failed attempt to move higher will push prices to find support at 113.06 and then lower at 112.78.

	AUDUSD	H4
Resistance	0.7500	0.7548	0.7585
Support	0.7415	0.7378	0.7330
Primary Scenario	AUDUSD is heading towards the hurdle at 0.7500. A successful attempt to exceed this level will trigger the market to hit the next resistance at 0.7548 and further up to 0.7585.
Alternative Scenario	A reversal back below the daily pivot at 0.7463 will pave the path down to 0.7415.

The post AUDUSD is heading towards the hurdle at 0.7500. appeared first on FXTM Blog.

Source:: AUDUSD is heading towards the hurdle at 0.7500.

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