AUDUSD plunged below the daily pivot.

EURUSD Technical Analysis
Resistance 1.1230 1.1305 1.1367
Support 1.1093 1.1032 1.0957
Primary Scenario EURUSD is negotiating slightly below the daily pivot point at 1.1169. A decisive movement to the south will push prices to breach the support at 1.1093, targeting the next level at 1.1032.
Alternative Scenario A higher thrust of the market will lift the exchange rate above the daily pivot, with immediate target the hurdle at 1.1230.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.4575 1.4652 1.4714
Support 1.4435 1.4374 1.4296
Primary Scenario The pair is now testing the daily pivot point (1.4213). A failed attempt to penetrate this level will lead GBPUSD to retest the support level at 1.4435 and even lower at 1.4374.
Alternative Scenario Alternatively, if the pair manages to exceed the daily pivot, the rate will climb towards the resistance at 1.4575.


USDCHF Technical Analysis USDCHF H4 up-trend
Resistance 0.9966 1.0027 1.0070
Support 0.9862 0.9819 0.9759
Primary Scenario USDCHF bottomed at 0.9880, before retracing above the daily pivot at 0.9923. Further increase of the currency pair will fuel the market further towards the resistance levels at 0.9966 and 1.0027.
Alternative Scenario A plunge of the market below the daily pivot will open the way down to 0.9862.


USDJPY Technical Analysis USDJPY H4
Resistance 117.47 117.90 118.52
Support 117.08 116.26 115.30
Primary Scenario The pair is now poised to penetrate the hurdle at 117.47. A fruitless attempt to surpass this level will lead the market down to 117.08 and further down to 116.26.
Alternative Scenario On the other hand, should USDJPY manage to exceed the barrier at 117.47, the next resistance is estimated at 117.90.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7166 0.7271 0.7323
Support 0.7009 0.6957 0.6852
Primary Scenario AUDUSD plunged below the daily pivot in the previous session. Further drop of the market will pave the way down to 0.7009 and then lower at 0.6957.
Alternative Scenario An upward wave would lead the currency pair above the daily pivot (0.7114), targeting the resistance at 0.7166.


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Source:: AUDUSD plunged below the daily pivot.

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