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AUDUSD has successfully surpass the daily pivot.
| EURUSD | H4 | ||
| Resistance | 1.0918 | 1.0966 | 1.1033 |
| Support | 1.0803 | 1.0736 | 1.0687 |
| Primary Scenario | EURUSD is gyrating the daily pivot at 1.0851. Any forceful movement upwards will trigger the market to test the resistance level at 1.0918 and further up at 1.0966. | ||
| Alternative Scenario | On the other hand, a plunge of the exchange rate below the daily pivot point will push the pair to find support at 1.0803. | ||
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GBPUSD | H4 | |
| Resistance | 1.5239 | 1.5293 | 1.5399 |
| Support | 1.5079 | 1.4973 | 1.4920 |
| Primary Scenario | The pair has reached fresh top at 1.5186. If GBPUSD manages to extend its uptrend, it will climb towards the resistance level at 1.5239 and even higher at 1.5293. | ||
| Alternative Scenario | A reversal back below the daily pivot (1.5133) will bring the market into a correction course, down to 1.5079. RSI oscillator supports this outlook. | ||
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USDCHF | H4 |  |
| Resistance | 0.9564 | 0.9600 | 0.9627 |
| Support | 0.9500 | 0.9473 | 0.9436 |
| Primary Scenario | USDCHF is oscillating around the daily pivot point at 0.9536. A decisive movement to the south will most likely lead the currency pair to retest the support level at 0.9500 and then lower at 0.9473. | ||
| Alternative Scenario | A higher thrust of the pair will lift the market above the daily pivot, with immediate target the resistance at 0.9564. | ||
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USDJPY | H4 | |
| Resistance | 119.05 | 119.43 | 119.68 |
| Support | 118.76 | 118.52 | 118.18 |
| Primary Scenario | The pair has tested the critical support at 118.76, before approaching again the lower level of the cloud. A slump of USDJPY below this level will trigger the market to target the forthcoming support levels at 118.52 and 118.18. | ||
| Alternative Scenario | Alternatively, a successful penetration within the Kumo (119.05) will push prices to hit the resistance at 119.43. | ||
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AUDUSD | H4 | |
| Resistance | 0.7854 | 0.7885 | 0.7930 |
| Support | 0.7777 | 0.7732 | 0.7701 |
| Primary Scenario | AUDUSD has successfully surpass the daily pivot at 0.7854 and set to the next hurdle at 0.7854. An aggressive breach of this level will trigger the market to target the next resistance at 0.7885. | ||
| Alternative Scenario | A failed attempt to move higher will lead the market to drop below the daily pivot, opening the way down to 0.7777. | ||
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The post AUDUSD has successfully surpass the daily pivot. appeared first on Forex Circles.
