AUDUSD is revolving the daily pivot at 0.7231.

Posted On 27 Nov 2015

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.0623	1.0638	1.0650
Support	1.0596	1.0584	1.0569
Primary Scenario	EURUSD is negotiating on the daily pivot at 1.0611. Any purposeful movement to the south will push prices to retest the support level at 1.0596 and even lower at 1.0584.
Alternative Scenario	A surge of the market above the daily pivot will lift the currency pair to hit the hurdle at 1.0623.

	GBPUSD	H4
Resistance	1.5130	1.5162	1.5195
Support	1.5066	1.5033	1.5001
Primary Scenario	The pair is pivoting around the daily pivot point at 1.5097. If GBPUSD manages to breach the key level at 1.5066, the next support is seen at 1.5033.
Alternative Scenario	Alternatively, an upward wave would fuel the pair above the daily pivot, with immediate target the resistance at 1.5130.

	USDCHF	H4
Resistance	1.0257	1.0279	1.0306
Support	1.0207	1.0180	1.0158
Primary Scenario	USDCHF is now poised to retest the hurdle at 1.0257. If the pair achieves to withhold the sellers’ pressure, it will exceed this level, targeting the forthcoming resistance at 1.0279.
Alternative Scenario	A reversal back below the daily pivot (1.0230) will lead the pair to find support at 1.0207.

	USDJPY	H4
Resistance	122.74	122.97	123.25
Support	122.25	121.91	121.61
Primary Scenario	The pair is heading towards the support level at 122.25. A break back below this level will open the way down to 121.91 and further lower to 121.61.
Alternative Scenario	On the other hand, a higher thrust of the exchange rate would trigger USDJPY to hit the resistance levels at 122.74 and 122.97.

	AUDUSD	H4
Resistance	0.7252	0.7282	0.7303
Support	0.7200	0.7179	0.7149
Primary Scenario	AUDUSD is revolving the daily pivot (0.7231). A decisive movement downwards will pave the path towards the support level at 0.7200 and then lower at 0.7179.
Alternative Scenario.	Should the pair manage to surpass the daily pivot, it will target the resistance level at 0.7252.

The post AUDUSD is revolving the daily pivot at 0.7231. appeared first on FXTM Blog.

Source:: AUDUSD is revolving the daily pivot at 0.7231.

About the Author

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC. Our mission is to maximize the value our clients derive from their most precious commodity, "Time"! By offering advanced and innovative services, optimal customer care and perpetual devotion to our clients, we will ensure that their individual needs are always met as markets continue to evolve over time. Visit ForexTime to learn more www.forextime.com [space height="20"] [social type="facebook"]https://www.facebook.com/ForexTime[/social] [social type="twitter"]https://twitter.com/ItsForexTime[/social] [social type="google-plus"]https://plus.google.com/u/0/+ForextimeFXTM/posts[/social] [social type="youtube"]https://www.youtube.com/user/ItsForexTime[/social]