AUDUSD is now poised to penetrate the hurdle at 0.7269.

Posted On 29 Dec 2015

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.0990	1.1014	1.1037
Support	1.0942	1.0919	1.0894
Primary Scenario	EURUSD is revolving above the daily pivot at 1.0967. Should the pair manage to exceed the hurdle at 1.0990, it will climb towards the resistance level at 1.1014.
Alternative Scenario	A reversal back below the daily pivot will open the way down to 1.0942.

	GBPUSD	H4
Resistance	1.4915	1.4954	1.4975
Support	1.4855	1.4834	1.4795
Primary Scenario	The pair bottomed at 1.4873, before retracing above the daily pivot point (1.4894). If GBPUSD achieves to extend its bullish momentum, the next resistance is seen at 1.4915 and then higher at 1.4954.
Alternative Scenario	Alternatively, a breach of the daily pivot will push prices to find support at 1.4855.

	USDCHF	H4
Resistance	0.9898	0.9922	0.9944
Support	0.9853	0.9831	0.9807
Primary Scenario	USDCHF is gyrating the daily pivot (0.9877). A decisive movement to the north will trigger the market to hit the resistance at 0.9898 and further up to 0.9922.
Alternative Scenario	A plunge of the market will lead the pair to violate the daily pivot, with immediate target the support level at 0.9853.

	USDJPY	H4
Resistance	120.40	120.64	121.13
Support	120.19	119.88	119.59
Primary Scenario	The USDJPY pair is testing the key support level at 120.19. If the bears manage to take control of the bulls and break this level, it will target the forthcoming support level at 119.88 and even lower at 119.59.
Alternative Scenario	On the other hand, an upward wave would eliminate the barrier at 120.40, targeting the resistance at 120.64. RSI supports this outlook.

	AUDUSD	H4
Resistance	0.7269	0.7293	0.7306
Support	0.7231	0.7219	0.7194
Primary Scenario	AUDUSD is now poised to penetrate the hurdle at 0.7269. If that happens, the next resistance is estimated at 0.7293.
Alternative Scenario.	A tumble of the market below the daily pivot (0.7256) will push the market to hit the support level at 0.7231.

The post AUDUSD is now poised to penetrate the hurdle at 0.7269. appeared first on FXTM Blog.

Source:: AUDUSD is now poised to penetrate the hurdle at 0.7269.

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]