AUDUSD surpassed the daily pivot at 0.7138.

Posted On 01 Mar 2016

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.0936	1.1000	1.1039
Support	1.0833	1.0794	1.0729
Primary Scenario	EURUSD plunged below the daily pivot point at 1.0897. A persistent trading below this level will push prices to find support at 1.0833 and further down to 1.0794.
Alternative Scenario	An upward wave would lift the exchange rate above the daily pivot, with immediate target the resistance at 1.0936.

	GBPUSD	H4
Resistance	1.3960	1.4008	1.4071
Support	1.3850	1.3787	1.3739
Primary Scenario	The pair bounced up from the previous bottom and is now heading towards the hurdle at 1.3960. A successful attempt to penetrate this level will most likely lead GBPUSD to retest the resistance at 1.4008 and even higher at 1.4071.
Alternative Scenario	On the other hand, a reversal back below the daily pivot will open the way down to 1.3850.

	USDCHF	H4
Resistance	1.0029	1.0075	1.0118
Support	0.9939	0.9899	0.9850
Primary Scenario	USDCHF is hovering below the daily pivot (0.9988). A decisive movement to the south will pave the path down to 0.9939 and then lower at 0.9899.
Alternative Scenario	A higher thrust of the currency pair will fuel the pair above the daily pivot. The next resistance is seen at 1.0029.

	USDJPY	H4
Resistance	112.76	113.07	113.97
Support	112.22	111.87	111.34
Primary Scenario	The pair is now poised to enter the Kumo. If that happens, the next resistance is estimated at 113.07 and then higher at 113.97.
Alternative Scenario	Alternatively, a failed attempt to exceed the barrier at 112.76 will push USDJPY down to 112.22 and further down to 111.87.

	AUDUSD	H4
Resistance	0.7168	0.7197	0.7227
Support	0.7109	0.7078	0.7049
Primary Scenario	AUDUSD surpassed the daily pivot at 0.7138. If the pair manages to extend its momentum, it will climb towards the resistance levels at 0.7168 and 0.7197.
Alternative Scenario	A plunge of the market below the daily pivot will lead the exchange rate down to 0.7109.

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Source:: AUDUSD surpassed the daily pivot at 0.7138.

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