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AUDUSD reached fresh lows in today’s session.
| EURUSD | H4 | ||
| Resistance | 1.1188 | 1.1237 | 1.1287 |
| Support | 1.1090 | 1.1040 | 1.0991 |
| Primary Scenario | EURUSD is trading slightly above the daily pivot at 1.1139. A decisive movement to the south will most likely trigger the market to surpass the barrier at 1.1188 and then higher to 1.1237. | ||
| Alternative Scenario | Should the pair achieve to break below the daily pivot, the next support is seen at 1.1090. | ||
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GBPUSD | H4 |  |
| Resistance | 1.5235 | 1.5310 | 1.5347 |
| Support | 1.5124 | 1.5087 | 1.5013 |
| Primary Scenario | The pair is now testing the daily pivot point at 1.5198. A failed attempt to penetrate this level will push prices to find support at 1.5124 and further down to 1.5087. | ||
| Alternative Scenario | Alternatively, a successful attempt to exceed the daily pivot will lift GBPUSD towards the resistance level at 1.5235. | ||
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USDCHF | H4 | |
| Resistance | 0.9760 | 0.9807 | 0.9845 |
| Support | 0.9674 | 0.9635 | 0.9588 |
| Primary Scenario | USDCHF is oscillating around the daily pivot point (0.9721). Any forceful movement to the north would lead the pair to hit the hurdle at 0.9760. Further increase of the rate will eye the resistance level at 0.9807. | ||
| Alternative Scenario | A plunge of the market below the daily pivot will push prices to find support at 0.9675. | ||
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USDJPY | H4 | |
| Resistance | 119.78 | 120.31 | 120.69 |
| Support | 119.04 | 118.55 | 117.62 |
| Primary Scenario | The pair is following a downtrend. If the bears manage to take control of the bulls, USDJPY will attempt to violate the support levels at 119.04 and 118.55, opening the way down to 117.62. | ||
| Alternative Scenario | A higher thrust of the exchange rate would fuel the pair to penetrate the barrier at 119.78, with immediate target the lower level of the cloud at 120.31. | ||
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AUDUSD | H4 | |
| Resistance | 0.6986 | 0.7066 | 0.7112 |
| Support | 0.6861 | 0.6816 | 0.6736 |
| Primary Scenario | AUDUSD has reached fresh lows, after breaching the key support level at 0.6941 (daily pivot). If the pair achieves to extend its downtrend, next support lies at 0.6861 and then lower at 0.6816. | ||
| Alternative Scenario. | On the other hand, an upward wave would bring the pair into a correction course above the daily pivot, targeting the resistance level at 0.6986. | ||
The post AUDUSD reached fresh lows in today’s session. appeared first on Forex Circles.
