AUDUSD is testing the previous top at 0.7487.

EURUSD Technical Analysis
Resistance 1.1362 1.1412 1.1442
Support 1.1281 1.1250 1.1200
Primary Scenario EURUSD is trading on the daily pivot point at 1.1331. A decisive movement to the north will lift the exchange rate to retest the hurdle at 1.1362 and further up to 1.1412.
Alternative Scenario Should the pair achieve to breach the daily pivot, the next support is seen at 1.1281.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.4794 1.4898 1.5079
Support 1.4510 1.4529 1.4225
Primary Scenario The pair is negotiating slightly above the daily pivot (1.4616). If the pair manages to extend its bullish momentum, it will climb towards the resistance level at 1.4794 and then higher at 1.4898.
Alternative Scenario On the other hand, a break back below the daily pivot will push prices to find support at 1.4510. RSI oscillator supports this outlook.


USDCHF Technical Analysis USDCHF H4
Resistance 0.9647 0.9677 0.9713
Support 0.9581 0.9545 0.9515
Primary Scenario USDCHF is gyrating the daily pivot point (0.9611). An upward wave would trigger the market to hit the hurdle at 0.9647 and further up to 0.9677.
Alternative Scenario A drop of the pair below the daily pivot will open the way down to 0.9581.


USDJPY Technical Analysis USDJPY H4 Down Trend
Resistance 104.54 104.98 105.78
Support 104.08 103.52 103.02
Primary Scenario The USDJPY pair is still moving sideways below the Kumo. A plunge of the market below the support at 104.08 will pave the path down to 103.52 and even lower at 103.02.
Alternative Scenario Alternatively, a surge of the market above the barrier at 104.54 will lead the currency pair towards the Kijun-sen line at 104.98.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7487 0.7521 0.7562
Support 0.7412 0.7371 0.7337
Primary Scenario AUDUSD is testing the previous top at 0.7487. Should a breakout occur above this level will accelerate the exchange rate to target the next level at 0.7521. The next resistance is seen at 0.7562.
Alternative Scenario A reversal back below the daily pivot (0.7446) will push the pair to find support at 0.7412.


The post AUDUSD is testing the previous top at 0.7487. appeared first on FXTM Blog.

Source:: AUDUSD is testing the previous top at 0.7487.

Won't your trader friends like this?
Forex Time
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 [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

Related Posts

Leave a Reply