AUDUSD is rising today.

Posted On 12 Jan 2015
By :
EURUSD Technical Analysis
Resistance 1.1869 1.1898 1.1951
Support 1.1786 1.1733 1.1704
Primary Scenario EURUSD is now testing the hurdle at 1.1869. A successful surpass of this level will fuel the pair further towards the next target at 1.1898 and then higher at 1.1951.
Alternative Scenario On the other hand, a plunge of the market will push the pair down to find support at the daily pivot (1.1815).


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5195 1.5233 1.5293
Support 1.5098 1.5038 1.5000
Primary Scenario The pair reached the resistance level at 1.5195, but did not manage to penetrate it. Any decisive movement upwards will lead GBPUSD to exceed this level, with immediate target the forthcoming resistance level at 1.5233.
Alternative Scenario A failed attempt to move higher will lead the currency pair to stop at the daily pivot at 1.5136.


USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 1.0186 1.0233 1.0258
Support 1.0115 1.0091 1.0044
Primary Scenario USDCHF is now poised to violate the support level at 1.0115. The next support is seen at 1.0091 and even lower at 1.0044.
Alternative Scenario An upward wave would lift the pair to hit the daily pivot at 1.0162.


USDJPY Technical Analysis USDJPY H4 Down Trend
Resistance 118.49 118.97 119.44
Support 118.04 117.72 117.43
Primary Scenario The USDJPY pair is now trading at the key support at 118.04. Should the pair manage to breach this level, it will drop further towards the next support levels at 117.72 and 117.43.
Alternative Scenario On the other hand, a bounce up from current levels will trigger the market to target the resistance levels at 118.49 and 118.97.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.8235 0.8272 0.8338
Support 0.8133 0.8068 0.8031
Primary Scenario AUDUSD is rising today. If the pair manages to extend its uptrend, it will gain momentum to penetrate the hurdle at 0.8272. The next resistance is seen at 0.8338.
Alternative Scenario A break back below the support level at 0.8235, will open the way down to the daily pivot at 0.8170. RSI oscillator supports this outlook.


The post AUDUSD is rising today. appeared first on Forex Circles.

Source:: AUDUSD is rising today.

About the Author

Leave a Reply