AUDUSD is trading near a multi-month low.

EURUSD Technical Analysis
Resistance 1.1073 1.1136 1.1214
Support 1.0931 1.0852 1.0789
Primary Scenario EURUSD has bottomed at 1.0931, before retracing above the daily pivot (1.0994). Further increase of the rate will most likely lead the pair to retest the hurdle in line at 1.1073 and even higher at 1.1136.
Alternative Scenario If the pair manages to breach the daily pivot point, it will find support at 1.0931.


GBPUSD Technical Analysis GBPUSD H4 Down Trend
Resistance 1.5574 1.5688 1.5768
Support 1.5380 1.5299 1.5185
Primary Scenario The pair is following a downtrend. Should GBPUSD manage to extend its momentum, the next supports are seen at 1.5380 and 1.5299.
Alternative Scenario An upward wave would lift the exchange rate above the daily pivot (1.5493) and then higher at 1.5574. RSI supports this outlook.


USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 0.9513 0.9561 0.9609
Support 0.9417 0.9369 0.9321
Primary Scenario USDCHF edged up at 0.9513, before closing below the daily pivot at 0.9465. A decisive movement to the south will push the market to face the support level at 0.9417 and further down to 0.9369.
Alternative Scenario On the other hand, an attempt to surpass the daily pivot point will generate strength for the currency pair to target the resistance level at 0.9513.


USDJPY Technical Analysis USDJPY H4 Down Trend
Resistance 122.36 122.64 123.00
Support 121.86 121.45 120.63
Primary Scenario The USDJPY pair is negotiating slightly above the key support level at 121.86. A break back below this level will open the way down to 121.45 and even lower at 120.63.
Alternative Scenario A higher thrust of the exchange rate will fuel the pair to hit the hurdle at 122.36 and then higher at 122.64.


AUDUSD Technical Analysi AUDUSD H4 Down Trend
Resistance 0.7502 0.7553 0.7606
Support 0.7398 0.7345 0.7294
Primary Scenario AUDUSD is trading near a multi-month low. A plunge of the pair below the critical support at 0.7398 will push prices lower towards the forthcoming support level at 0.7345. The next support is seen at 0.7294.
Alternative Scenario A surge of the currency pair will bring the pair into a correction course towards 0.7449 (daily pivot) and then higher at 0.7502. RSI oscillator is trading within the oversold zone.


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Source:: AUDUSD is trading near a multi-month low.

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