AUDUSD is ranging around the daily pivot point.

EURUSD Technical Analysis
Resistance 1.1323 1.1449 1.1519
Support 1.1127 1.1057 1.0931
Primary Scenario EURUSD tumbled on yesterday’s session. A sustained trading below the daily pivot at 1.1253 will most likely lead the market to test the support level at 1.1127 and then lower at 1.1057.
Alternative Scenario A higher thrust of the exchange rate will trigger the market to penetrate the daily pivot. The next resistance is seen at 1.1323.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5506 1.5608 1.5664
Support 1.5348 1.5292 1.5190
Primary Scenario The pair is trading narrowly below the daily pivot (1.5450). A decisive movement to the south will push GBPUSD to find support at 1.5348 and even lower at 1.5292.
Alternative Scenario A successful surpass above the daily pivot point will lift the currency pair to retest the hurdle at 1.5506.


USDCHF Technical Analysis USDCHF H4
Resistance 0.9563 0.9603 0.9660
Support 0.9466 0.9409 0.9369
Primary Scenario The trend has been overall neutral during the week. A plunge of the pair would push prices to hit the support at 0.9466 and further down to 0.9409.
Alternative Scenario An upward wave will generate strength for USDCHF to exceed the daily pivot (0.9506), targeting the resistance at 0.9563.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 119.49 119.83 120.47
Support 119.08 118.77 118.29
Primary Scenario USDJPY edged up at 119.49, before closing within the Kumo. Any forceful movement to the north would act as a catalyst for the market to penetrate the upper level of the cloud and the hurdle at 119.49. The next resistance is estimated at 119.83.
Alternative Scenario A drop of the pair below the support at 119.08 will lead the exchange rate towards the support level at 118.77.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7878 0.7958 0.8005
Support 0.7751 0.7704 0.7624
Primary Scenario AUDUSD is ranging around the daily pivot point at 0.7831. If the pair manages to extend its momentum, it will retest the support level at 0.7751 and further down at 0.7704.
Alternative Scenario Should the market achieve to exceed the daily pivot, it will target the forthcoming resistance at 0.7878.


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Source:: AUDUSD is ranging around the daily pivot point.

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