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AUDUSD cleared the daily pivot and the resistance at 0.7112.
| EURUSD | H4 | ||
| Resistance | 1.1258 | 1.1331 | 1.1374 |
| Support | 1.1142 | 1.1100 | 1.1027 |
| Primary Scenario | EURUSD is negotiating below the daily pivot zone at 1.1215. If the pair manages to breach the key support at 1.1142, it will pave the path for the rate to hit the next support level at 1.1100. | ||
| Alternative Scenario | A higher thrust of the market will lift the exchange rate above the daily pivot towards the hurdle in line at 1.1258. | ||
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GBPUSD | H4 | |
| Resistance | 1.5213 | 1.5282 | 1.5321 |
| Support | 1.5106 | 1.5067 | 1.4998 |
| Primary Scenario | The pair is oscillating around the daily pivot point (1.5175). A decisive movement downwards will push prices to find support at 1.5106 and even lower at 1.5067. | ||
| Alternative Scenario | On the other hand, a surge of the market above the daily pivot would fuel the pair to reach the resistance level at 1.5213. | ||
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USDCHF | H4 |  |
| Resistance | 0.9785 | 0.9816 | 0.9866 |
| Support | 0.9703 | 0.9653 | 0.9622 |
| Primary Scenario | USDCHF bounced up from the previous low and is now heading towards the resistance level at 0.9785. A successful penetration of this level will most likely trigger the market to target the forthcoming resistance at 0.9816. | ||
| Alternative Scenario | A plunge of the currency pair below the daily pivot (0.9735) will lead the market to find support at 0.9703. | ||
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USDJPY | H4 | |
| Resistance | 120.55 | 120.83 | 121.22 |
| Support | 120.38 | 120.13 | 119.86 |
| Primary Scenario | The pair is trading near the previous high at 120.55. If USDJPY manages to withhold the sellers’ pressure, it will exceed this level, targeting the next resistance at 120.83 and even higher at 121.22. | ||
| Alternative Scenario | Alternatively, a comeback of the pair below the support at 120.38, will open the way down to 120.13. | ||
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AUDUSD | H4 | |
| Resistance | 0.7112 | 0.7145 | 0.7180 |
| Support | 0.7044 | 0.7009 | 0.6976 |
| Primary Scenario | AUDUSD cleared the daily pivot (0.7077) and the resistance level at 0.7112. If the pair achieves to extend its uptrend, the next resistance is seen at 0.7145 and further up to 0.7180. | ||
| Alternative Scenario. | A setback of the currency pair will push the market below the support at 0.7112, targeting the daily pivot at 0.7077. | ||
The post AUDUSD cleared the daily pivot and the resistance at 0.7112. appeared first on Forex Circles.
Source:: AUDUSD cleared the daily pivot and the resistance at 0.7112.
