AUDUSD surged to multi-month high in today’s session.

EURUSD Technical Analysis
Resistance 1.1211 1.1275 1.1341
Support 1.1082 1.1016 1.0953
Primary Scenario EURUSD is trading slightly above the daily pivot point at 1.1145. A bounce up from current levels will accelerate the pair to retest the hurdle at 1.1211. The next resistance is seen at 1.1275.
Alternative Scenario A plunge of the pair below the daily pivot will lead the exchange rate towards 1.1082.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.4457 1.4537 1.4639
Support 1.4274 1.4173 1.4092
Primary Scenario The pair indicated bullish implications during the previous week. If GBPUSD manages to extend its momentum, it will target the forthcoming resistance levels at 1.4457 and 1.4537.
Alternative Scenario Alternatively, a break back below the daily pivot will pave the path down to 1.4274.


USDCHF Technical Analysis USDCHF H4
Resistance 0.9873 0.9925 0.9960
Support 0.9785 0.9750 0.9698
Primary Scenario USDCHF bounced up from the previous low and is now negotiating narrowly above the daily pivot at 0.9837. Further rise of the currency pair will lift the exchange rate towards 0.9873 and further up to 0.9925.
Alternative Scenario Any decisive movement to the south will lead the market to violate the daily pivot, with immediate target the support level at 0.9785.


USDJPY Technical Analysis USDJPY H4
Resistance 114.00 114.43 114.85
Support 113.70 113.33 112.78
Primary Scenario The bullish sentiment is still in effect. If the pair manages to withhold the sellers’ pressure, it will climb towards the resistance levels at 114.00 and 114.43.
Alternative Scenario On the other hand, a tumble of the market below the key support at 113.70 will push prices to find support within the Kumo at 113.33.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7614 0.7666 0.7750
Support 0.7477 0.7393 0.7340
Primary Scenario AUDUSD surged to multi-month high in today’s session. If the pair achieves to extend its uptrend, the next resistance is estimated at 0.7614 and even higher at 0.7666.
Alternative Scenario A correction course of the market will lead the exchange rate to breach the daily pivot (0.7530), targeting the support level at 0.7477.


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