AUDUSD is heading towards 0.7341.

EURUSD Technical Analysis
Resistance 1.0889 1.0912 1.0945
Support 1.0834 1.0802 1.0779
Primary Scenario EURUSD is gyrating the daily pivot point at 1.0857. An upward wave would lift the exchange rate towards the hurdle at 1.0889 and then higher at 1.0912.
Alternative Scenario A comeback of the currency pair below the daily pivot will lead the market down to 1.0834.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.4141 1.4206 1.4320
Support 1.3963 1.3849 1.3784
Primary Scenario A strong bullish momentum led GBPUSD to penetrate the daily pivot at 1.4027. Should the pair achieve to extend its momentum, the next resistance is seen at 1.4141 and further up to 1.4206.
Alternative Scenario On the other hand, a reversal back below the daily pivot will push prices to find support at 1.3963.


USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 0.9995 1.0028 1.0049
Support 0.9942 0.9921 0.9888
Primary Scenario USDCHF is negotiating around the daily pivot (0.9975). A decisive movement to the south will pave the path down to 0.9942 and then lower at 0.9921.
Alternative Scenario A surge of the market above the daily pivot will accelerate the exchange rate towards 0.9995.


USDJPY Technical Analysis USDJPY H4
Resistance 114.22 114.56 114.86
Support 113.84 113.40 112.94
Primary Scenario The bullish scenario is still in effect. If the bulls manage to take control of the bears, USDJPY will eliminate the barrier at 114.22, targeting the forthcoming resistance levels at 114.56 and 114.86.
Alternative Scenario Alternatively, a plunge of the pair will push the market down to 113.84 and 113.40.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7341 0.7389 0.7478
Support 0.7204 0.7115 0.7067
Primary Scenario AUDUSD is heading towards the resistance level at 0.7341. A successful attempt to surpass this level will fuel the pair further, with immediate target the resistance levels at 0.7389 and 0.7478.
Alternative Scenario A tumble of the market would lead the currency pair to retest the daily pivot (0.7252) and even lower the support level at 0.7204. RSI support this outlook.


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Source:: AUDUSD is heading towards 0.7341.

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