EURUSD is heading towards the resistance at 1.0953. A successful penetration of this level will lead the exchange rate to hit the resistance levels at 1.0953 and further up to 1.0998.

Alternative Scenario

A comeback of the currency pair below the daily pivot will push prices to find support at 1.0866.

	GBPUSD	H4
Resistance	1.4905	1.4943	1.4987
Support	1.4823	1.4779	1.4741
Primary Scenario	The pair is now poised to exceed the hurdle at 1.4905. If that happens, the next resistance is seen at 1.4905 and even higher at 1.4943.
Alternative Scenario	On the other hand, a setback of the market will push GBPUSD below the daily pivot, with immediate target the support level at 1.4823.

	USDCHF	H4
Resistance	0.9942	0.9982	1.0020
Support	0.9864	0.9826	0.9786
Primary Scenario	USDCHF is gyrating the daily pivot at 0.9904. A decisive movement to the south will open the way down to 0.9864 and then lower at 0.9826.
Alternative Scenario	An upward wave would trigger the market to exceed the daily pivot, with immediate target the resistance at 0.9942.

	USDJPY	H4
Resistance	120.87	121.13	121.50
Support	120.49	120.25	119.99
Primary Scenario	The pair is following a downtrend. If the bears manage to withhold the bull pressure, USDJPY will breach the support at 120.49, targeting the forthcoming level at 120.25.
Alternative Scenario	Alternatively, a higher thrust will lead the pair to hit the resistance at 120.87. RSI oscillator supports this outlook.

	AUDUSD	H4
Resistance	0.7249	0.7267	0.7288
Support	0.7210	0.7190	0.7171
Primary Scenario	AUDUSD indicates bullish implications. If the pair manages to extend its momentum, it will climb towards the resistance at 0.7249 and 0.7267.
Alternative Scenario.	A plunge of the market below the daily pivot at 0.7228 will pave the path down to 0.7210.

The post AUDUSD indicates bullish implications. appeared first on FXTM Blog.

Source:: AUDUSD indicates bullish implications.

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