AUDUSD poised for further decline.

EURUSD Technical Analysis
EURUSD H4
Resistance 1.1116 1.1142 1.1168
Support 1.1065 1.1039 1.1013
Primary Scenario EURUSD has opened with a deep gap below the final support level at 1.1013, before retracing to retest the hurdle at 1.1039. If the pair manages to violate the support at 1.1013, it will find support at the previous low (1.0969).
Alternative Scenario A higher thrust of the exchange rate will lead the pair to exceed the resistance level at 1.1039, targeting the next level at 1.1065.

EURUSDH4

GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5619 1.5674 1.5706
Support 1.5532 1.5500 1.5445
Primary Scenario The pair has finally violated the key support level at 1.5587 (daily pivot). A successful breach of the next support level at 1.5532 will push prices lower towards the next target at 1.5500 and further down to 1.5445.
Alternative Scenario On the other hand, an upward wave would trigger the market to penetrate the daily pivot point, with immediate target the resistance at 1.5619. RSI supports this outlook.

GBPUSDH4

USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9424 0.9461 0.9482
Support 0.9366 0.9346 0.9309
Primary Scenario USDCHF bounced up from the previous low and is now heading towards the hurdle at 0.9461. The next resistance is seen at 0.9482.
Alternative Scenario A reversal back below the support at 0.9424 will open the way down to the daily pivot at 0.9403.

USDCHFH4

USDJPY Technical Analysis USDJPY H4
Resistance 122.52 122.85 123.26
Support 121.86 121.45 120.84
Primary Scenario The pair is still negotiating with bullish sentiment. A decisive movement to the south will most likely lead the market to retest and violate the support level at 121.86. The next support is estimated at 121.45.
Alternative Scenario If USDJPY manages to withstand the sellers’ pressure, it will climb towards the resistance levels at 122.52 and 122.85.

USDJPYH4

AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7602 0.7694 0.7742
Support 0.7463 0.7416 0.7324
Primary Scenario AUDUSD poised for further decline, after successfully breached the daily pivot point (0.7555). Any forceful movement downwards will violate the critical support at 0.7463, with immediate target the next support level at 0.7416 and then lower at 0.7324.
Alternative Scenario A surge of the currency pair will fuel the pair to reach the daily pivot and even higher at 0.7602. RSI oscillator is trading within an oversold territory.

AUDUSDH4

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Source:: AUDUSD poised for further decline.

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