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AUDUSD has experienced strong resistance in that key zone.
| EURUSD | H4 | ||
| Resistance | 1.1063 | 1.1123 | 1.1203 |
| Support | 1.0922 | 1.0842 | 1.0782 |
| Primary Scenario | EURUSD is negotiating slightly above the daily pivot point at 1.0982. Any decisive upward momentum will most likely accelerate the market to retest the previous high at 1.1063 and further up to 1.1123. | ||
| Alternative Scenario | A comeback of the currency pair would pave the path below the daily pivot, targeting the support level at 1.0922. | ||
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GBPUSD | H4 | |
| Resistance | 1.4279 | 1.4333 | 1.4419 |
| Support | 1.4139 | 1.4053 | 1.3998 |
| Primary Scenario | The pair is hovering near the previous top. If GBPUSD manages to withhold the sellers’ pressure, it will climb towards the resistance level at 1.4279 and even higher at 1.4333. | ||
| Alternative Scenario | On the other hand, a break back below the daily pivot (1.4193) will push prices to find support at 1.4139. | ||
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USDCHF | H4 | |
| Resistance | 0.9981 | 1.0039 | 1.0091 |
| Support | 0.9871 | 0.9820 | 0.9762 |
| Primary Scenario | USDCHF is oscillating around the daily pivot point at 0.9929. A bounce up from current levels will fuel the market to retest the hurdle at 0.9981. A successful penetration of this level will lift the exchange rate towards the forthcoming resistance at 1.0039. | ||
| Alternative Scenario | A plunge of the market below the daily pivot will open the way down to 0.9871. | ||
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USDJPY | H4 | |
| Resistance | 113.79 | 114.23 | 114.53 |
| Support | 113.59 | 113.38 | 113.10 |
| Primary Scenario | The strength of the market faded. Should a breakout occur at 113.79, USDJPY will attempt to hit the next resistance at 114.23 and then higher at 114.53. | ||
| Alternative Scenario | Alternatively, a tumble of the market will lead the pair to find support at 113.59 and further down to 113.38. | ||
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AUDUSD | H4 | |
| Resistance | 0.7473 | 0.7579 | 0.7576 |
| Support | 0.7370 | 0.7303 | 0.7267 |
| Primary Scenario | AUDUSD has experienced strong resistance in that key zone. If the pair achieves to extend its uptrend, the next resistance is seen at 0.7473 and even higher at 0.7579. | ||
| Alternative Scenario | Any breach of the daily pivot at 0.7406 will lead the market into a correction course, targeting down the support level at 0.7370. RSI oscillator supports this outlook. | ||
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