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AUDUSD is revolving below the daily pivot.

Posted On 12 Dec 2014
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EURUSD Technical Analysis
EURUSD H4
Resistance 1.2479 1.2549 1.2604
Support 1.2354 1.2299 1.2229
Primary Scenario The strength of the market faded, and EURUSD returned back below the daily pivot at 1.2424. If the pair manages to extend its correction, it will find support at 1.2354 and then lower at 1.2299.
Alternative Scenario A surge of the currency rate above the daily pivot, will lead the pair to hit the resistance level at 1.2479.

EURUSDH4

GBPUSD Technical Analysis GBPUSD H4 Up Trend
Resistance 1.5773 1.5816 1.5878
Support 1.5669 1.5608 1.5565
Primary Scenario GBPUSD is trading slightly above the daily pivot (1.5712). An upward wave, would push prices to surpass the barrier at 1.5773. The next resistance is seen at 1.5816.
Alternative Scenario A plunge of the market, will lead the pair below the daily pivot, towards the support level at 1.5669.

GBPUSDH4

USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9715 0.9754 0.9799
Support 0.9632 0.9588 0.9549
Primary Scenario The pair bounced up from the previous bottom and is currently oscillating above the daily pivot at 0.9671. A sustained trading over this level, will generate strength for USDCHF to target the resistances at 0.9715 and 0.8754.
Alternative Scenario A setback of the pair, will push prices below the daily pivot and further down to 0.9632.

USDCHFH4

USDJPY Technical Analysis USDJPY H4
Resistance 119.51 119.90 120.75
Support 118.48 117.87 117.42
Primary Scenario The bearish scenario is still in effect. If the pair achieves to violate the support at 118.48, it will open the way towards the forthcoming support at 117.87.
Alternative Scenario A successful attempt to exceed the barrier at 119.51 (Kumo), it will fuel the pair further up to the next resistance at 119.90.

USDJPYH4

AUDUSD Technical Analysi AUDUSD H4
Resistance 0.8358 0.8447 0.8519
Support 0.8196 0.8124 0.8035
Primary Scenario AUDUSD is revolving below the daily pivot (0.8285). A decisive movement downwards, will push the pair to find support at 0.8196 and even lower at 0.8124.
Alternative Scenario A higher thrust of the market, will trigger AUDUSD to exceed the daily pivot and then higher at 0.8358.

AUDUSDH4

The post AUDUSD is revolving below the daily pivot. appeared first on Forex Circles.

Source:: AUDUSD is revolving below the daily pivot.

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