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AUDUSD turned sharply bearish.
| EURUSD | H4 | ||
| Resistance | 1.1124 | 1.1166 | 1.1213 |
| Support | 1.1035 | 1.0989 | 1.0946 |
| Primary Scenario | EURUSD is trading slightly above the daily pivot (1.1078). A decisive movement to the north will most likely fuel the pair to penetrate the hurdle at 1.1124, with immediate target the resistance level at 1.1166. | ||
| Alternative Scenario | If the pair manages to breach the daily pivot point, it will find support at 1.1035. | ||
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GBPUSD | H4 | |
| Resistance | 1.5642 | 1.5679 | 1.5720 |
| Support | 1.5565 | 1.5525 | 1.5488 |
| Primary Scenario | The pair is hovering above the daily pivot point at 1.5602. An upward wave would act as a catalyst for GBPUSD to retest and break the barrier at 1.5642. If that happens, the next resistance is seen at 1.5679. | ||
| Alternative Scenario | Alternatively, a plunge of the pair below the daily pivot will open the way down to 1.5565. | ||
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USDCHF | H4 | |
| Resistance | 0.9484 | 0.9535 | 0.9568 |
| Support | 0.9399 | 0.9366 | 0.9314 |
| Primary Scenario | USDCHF edged up at 0.9502, before retracing below the daily pivot at 0.9450. A deeper correction of the currency pair will push prices lower towards the support level at 0.9399 and further down to 0.9366. | ||
| Alternative Scenario | Should the pair achieve to exceed the daily pivot, it will target the previous resistance at 0.9484. | ||
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USDJPY | H4 |  |
| Resistance | 123.26 | 123.45 | 123.97 |
| Support | 122.80 | 122.48 | 121.93 |
| Primary Scenario | The pair is now testing the lower level of the cloud. A fruitless attempt to surpass this key resistance will push the market to hit the support level at 122.80 and even lower at 122.48. | ||
| Alternative Scenario | On the other hand, a successful penetration of the barrier at 123.26 will lift USDJPY towards the resistance at 123.45 and a new bullish outlook will be in force. | ||
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AUDUSD | H4 | |
| Resistance | 0.7661 | 0.7693 | 0.7729 |
| Support | 0.7594 | 0.7557 | 0.7526 |
| Primary Scenario | AUDUSD turned sharply bearish in the today’s session. After clearing the daily pivot and the support level at 0.7594, the next support is seen at 0.7557. Further drop of the market will lead prices lower down to 0.7526. | ||
| Alternative Scenario | A higher thrust of the pair will push the market to exceed the hurdle at 0.7594, targeting the daily pivot point at 0.7625. | ||
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