AUDUSD is negotiating on the daily pivot point.

Posted On 15 Sep 2015

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.1364	1.1413	1.1454
Support	1.1274	1.1233	1.1185
Primary Scenario	EURUSD topped up at 1.1364, before closing below the daily pivot at 1.1323. A sustained trading below this level will push prices to find support at 1.1274 and further down to 1.1233.
Alternative Scenario	A higher thrust of the currency pair will lift the exchange rate above the daily pivot, attempting to retest the hurdle at 1.1364.

	GBPUSD	H4
Resistance	1.5471	1.5520	1.5569
Support	1.5372	1.5323	1.5274
Primary Scenario	The pair is gyrating the daily pivot point at 1.5421. Should GBPUSD manage to retest and exceed the barrier at 1.5471, the next resistance is seen at 1.5520.
Alternative Scenario	Alternatively, a break back below the daily pivot will open the way down to 1.5372.

	USDCHF	H4
Resistance	0.9709	0.9740	0.9761
Support	0.9656	0.9635	0.9604
Primary Scenario	USDCHF is trading slightly below the daily pivot point (0.9687). If the bears achieve to take control of the bulls, the pair will attempt to breach the obstacle at 0.9656, targeting the support level at 0.9635.
Alternative Scenario	On the other hand, a surge of the currency pair above the daily pivot would fuel the pair to retest the hurdle at 0.9709.

	USDJPY	H4
Resistance	120.14	120.60	120.95
Support	119.80	119.34	118.93
Primary Scenario	The pair has entered the Kumo, but indicates bullish implications while trading narrowly below the upper level of the cloud (120.14). A successful penetration of this level will trigger the market to target the resistance levels at 120.60 and 120.95.
Alternative Scenario	A failed attempt to penetrate the barrier at 120.14 will lead USDJPY lower towards the support level at 119.80 and further down to 119.34.

	AUDUSD	H4
Resistance	0.7169	0.7204	0.7257
Support	0.7081	0.7027	0.6993
Primary Scenario	AUDUSD is negotiating on the daily pivot point at 0.7116. A decisive movement to the north will lead the pair to retest the resistance level at 0.7169. Further increase of the exchange rate will generate strength for the market to hit the level at 0.7204.
Alternative Scenario.	A reversal back below the daily pivot will pave the way down to 0.7081.

The post AUDUSD is negotiating on the daily pivot point. appeared first on Forex Circles.

Source:: AUDUSD is negotiating on the daily pivot point.

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