AUDUSD is moving sideways.

EURUSD Technical Analysis
Resistance 1.1287 1.1327 1.1374
Support 1.1199 1.1153 1.1112
Primary Scenario EURUSD is trading slightly above the daily pivot point (1.1240). Should the pair manage to surpass the hurdle in line at 1.1287, the next resistance is seen at 1.1327.
Alternative Scenario A break back below the daily pivot will push prices to find support at 1.1199.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5191 1.5235 1.5267
Support 1.5115 1.5083 1.5038
Primary Scenario The pair is gyrating the daily pivot at 1.5159. A bounce up from current levels will trigger the market to climb towards the resistance level at 1.5191 and then higher at 1.5235.
Alternative Scenario A drop of GBPUSD below the daily pivot will pave the path down to 1.5115.


USDCHF Technical Analysis USDCHF H4
Resistance 0.9746 0.9778 0.9808
Support 0.9684 0.9654 0.9622
Primary Scenario USDCHF is revolving the daily pivot point at 0.9716. A decisive movement to the north will accelerate the pair to hit the resistance level at 0.9746 and further up to 0.9778.
Alternative Scenario A comeback of the currency pair below the daily pivot would push the rate to find support at 0.9684.


USDJPY Technical Analysis USDJPY H4 Down Trend
Resistance 120.05 120.22 120.59
Support 119.72 119.52 119.22
Primary Scenario The pair is still negotiating below the Kumo. A plunge of USDJPY below the key support level at 119.72 will open the way down to 119.52.
Alternative Scenario An upward wave would act as a catalyst for the market to penetrate the cloud (120.05), targeting the resistance level at 120.22. If that happens, a new bullish outlook will be in effect.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7024 0.7067 0.7111
Support 0.6936 0.6892 0.6849
Primary Scenario AUDUSD is moving sideways. A successful attempt to exceed the hurdle at 0.7024 will lift the exchange rate higher towards the resistance level at 0.7067.
Alternative Scenario. A setback of the currency pair will push the pair to find support at 0.0.6979 (daily pivot).


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Source:: AUDUSD is moving sideways.

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