AUDUSD has achieved to bounce up from the previous bottom.

EURUSD Technical Analysis
Resistance 1.2573 1.2609 1.2643
Support 1.2503 1.2468 1.2432
Primary Scenario EURUSD is oscillating around the daily pivot at 1.2538. A decisive movement to the north will trigger the market to hit the barrier at 1.2573 and then higher at 1.2609.
Alternative Scenario A breach below the daily pivot, will push prices lower to the support level at 1.2503.


GBPUSD Technical Analysis GBPUSD H4 Down Trend
Resistance 1.5741 1.5791 1.5846
Support 1.5635 1.5581 1.5530
Primary Scenario The pair is pivoting across the daily pivot point (1.5686). A plunge of GBPUSD will lead the currency rate down to the forthcoming support at 1.5635 and further lower at 1.5581.
Alternative Scenario An upward wave, would lift the market above the daily pivot and then higher at 1.5741.


USDCHF Technical Analysis USDCHF H4
Resistance 0.9608 0.9633 0.9661
Support 0.9555 0.9527 0.9503
Primary Scenario USDCHF is gyrating the daily pivot point at 0.9580. An impulsive movement upwards will generate strength for the market to retest the hurdle at 0.9608. A successful penetration of this level will fuel the pair further towards the resistance level at 0.9633.
Alternative Scenario A tumble of the exchange rate below the daily pivot will push prices to find support at 0.9555.


USDJPY Technical Analysis USDJPY H4
Resistance 118.17 118.98 119.77
Support 117.72 117.34 116.80
Primary Scenario USDJPY recovered from its correction course and it is now heading to the resistance level at 118.17. If the pair manages to exceed this level, it will climb towards the previous peak at 118.98.
Alternative Scenario A break back below the support at 117.72, will lead the pair into a deeper correction, down to 117.34.


AUDUSD Technical Analysi AUDUSD H4 Down Trend
Resistance 0.8650 0.8682 0.8725
Support 0.8576 0.8533 0.8501
Primary Scenario AUDUSD has achieved to bounce up from the previous bottom and for the moment is retesting the hurdle at 0.8650. A successful surpass of this level will generate strength for the market to target the resistance level at 0.8682.
Alternative Scenario Alternatively, a dip of the market will open the way towards the support level at 0.8576.


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Source:: AUDUSD has achieved to bounce up from the previous bottom.

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