AUDUSD is trading near the previous top at 0.7828.

Posted On 20 Apr 2015

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.0857	1.0910	1.0972
Support	1.0743	1.0680	1.0628
Primary Scenario	EURUSD edged up at 1.0857, before retracing below the daily pivot at 1.0795. Further drop of the market will lead the pair into deeper correction towards the support levels at 1.0743 and 1.0680.
Alternative Scenario	A surge of the market will lift the exchange rate above the daily pivot up to the resistance level at 1.0857.

	GBPUSD	H4
Resistance	1.5035	1.5113	1.5173
Support	1.4898	1.4838	1.4761
Primary Scenario	The pair is negotiating in a correction course. If the bears manage to take control of the bulls, GBPUSD will attempt to breach the support level at 1.4898. The next support is seen at 1.4838.
Alternative Scenario	On the other hand, a higher thrust of the daily pivot will fuel the pair to hit the resistance level at 1.5035.

	USDCHF	H4
Resistance	0.9568	0.9620	0.9658
Support	0.9478	0.9440	0.9388
Primary Scenario	USDCHF bounced up from the previous bottom and is poised to retest the hurdle in line at 0.9568. A successful penetration of this level will most likely generate strength for the market to target the forthcoming resistance at 0.9620.
Alternative Scenario	A plunge of the pair below the daily pivot will push prices to find support at 0.9478.

	USDJPY	H4
Resistance	119.00	119.32	119.76
Support	118.55	118.17	117.81
Primary Scenario	USDJPY is now testing the critical support level at 118.55. If the pair manages to violate this level, it will target the next support level at 118.17.
Alternative Scenario	An upward wave will trigger the market to penetrate the resistance at 119.00 and even higher at 119.32.

	AUDUSD	H4
Resistance	0.7828	0.7876	0.7911
Support	0.7744	0.7709	0.7661
Primary Scenario	The currency pair is now trading near the previous top at 0.7828. If AUDUSD manages to withstand the sellers’ pressure, it will exceed the barrier at 0.7828, with immediate target the next resistance at 0.7876.
Alternative Scenario	A comeback of the exchange rate below the daily pivot, will open the way down to 0.7744.

The post AUDUSD is trading near the previous top at 0.7828. appeared first on Forex Circles.

Source:: AUDUSD is trading near the previous top at 0.7828.

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