AUDUSD is revolving the daily pivot at 0.7231.

EURUSD Technical Analysis
Resistance 1.0623 1.0638 1.0650
Support 1.0596 1.0584 1.0569
Primary Scenario EURUSD is negotiating on the daily pivot at 1.0611. Any purposeful movement to the south will push prices to retest the support level at 1.0596 and even lower at 1.0584.
Alternative Scenario A surge of the market above the daily pivot will lift the currency pair to hit the hurdle at 1.0623.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5130 1.5162 1.5195
Support 1.5066 1.5033 1.5001
Primary Scenario The pair is pivoting around the daily pivot point at 1.5097. If GBPUSD manages to breach the key level at 1.5066, the next support is seen at 1.5033.
Alternative Scenario Alternatively, an upward wave would fuel the pair above the daily pivot, with immediate target the resistance at 1.5130.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 1.0257 1.0279 1.0306
Support 1.0207 1.0180 1.0158
Primary Scenario USDCHF is now poised to retest the hurdle at 1.0257. If the pair achieves to withhold the sellers’ pressure, it will exceed this level, targeting the forthcoming resistance at 1.0279.
Alternative Scenario A reversal back below the daily pivot (1.0230) will lead the pair to find support at 1.0207.


USDJPY Technical Analysis USDJPY H4
Resistance 122.74 122.97 123.25
Support 122.25 121.91 121.61
Primary Scenario The pair is heading towards the support level at 122.25. A break back below this level will open the way down to 121.91 and further lower to 121.61.
Alternative Scenario On the other hand, a higher thrust of the exchange rate would trigger USDJPY to hit the resistance levels at 122.74 and 122.97.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7252 0.7282 0.7303
Support 0.7200 0.7179 0.7149
Primary Scenario AUDUSD is revolving the daily pivot (0.7231). A decisive movement downwards will pave the path towards the support level at 0.7200 and then lower at 0.7179.
Alternative Scenario. Should the pair manage to surpass the daily pivot, it will target the resistance level at 0.7252.


The post AUDUSD is revolving the daily pivot at 0.7231. appeared first on FXTM Blog.

Source:: AUDUSD is revolving the daily pivot at 0.7231.

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