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EURUSD has reached fresh lows.
| EURUSD | H4 | ||
| Resistance | 1.0670 | 1.0795 | 1.0875 |
| Support | 1.0464 | 1.0384 | 1.0258 |
| Primary Scenario | EURUSD has reached fresh lows in the previous candlestick, indicating bearish sentiment. If the pair manages to extend its downtrend, it will target the support levels at 1.0464 and 1.0384. | ||
| Alternative Scenario | On the other hand, a higher thrust of the market will lift the pair to penetrate the daily pivot (1.0590) and further up at 1.0670. RSI oscillator supports a correction course. | ||
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GBPUSD | H4 | |
| Resistance | 1.5051 | 1.5175 | 1.5254 |
| Support | 1.4848 | 1.4769 | 1.4645 |
| Primary Scenario | The pair tumbled yesterday down to 1.4892. Any decisive movement to the south will push prices to hit the support level at 1.4848 and even lower at 1.4769. | ||
| Alternative Scenario | Should GBPUSD achieve to exceed the daily pivot point at 1.4972, the next resistance is seen at 1.5051. | ||
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USDCHF | H4 |  |
| Resistance | 1.0140 | 1.0193 | 1.0278 |
| Support | 1.0002 | 0.9916 | 0.9863 |
| Primary Scenario | USDCHF is trading near the previous top (1.0127). A successful attempt to move higher will fuel the pair to breach the hurdle at 1.0140 and further up towards the resistance level at 1.0193. | ||
| Alternative Scenario | A comeback of the market will lead the pair to find support at the daily pivot (1.0054). | ||
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USDJPY | H4 | |
| Resistance | 121.66 | 122.02 | 122.82 |
| Support | 121.24 | 120.94 | 120.45 |
| Primary Scenario | The pair is still searching for direction. Any forceful movement to the north will most likely trigger the market to retest the barrier at 121.66 and then higher at 122.02. | ||
| Alternative Scenario | Alternatively, if USDJPY fall below the support level at 121.24, the next target is estimated at 120.94. | ||
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AUDUSD | H4 | |
| Resistance | 0.7635 | 0.7681 | 0.7719 |
| Support | 0.7551 | 0.7513 | 0.7467 |
| Primary Scenario | AUDUSD is heading towards the resistance level at 0.7635. A successful surpass above this level will generate strength for the market to target the forthcoming resistance at 0.7681 and then higher at 0.7719. | ||
| Alternative Scenario | A setback of the exchange rate will lead the market to violate the daily pivot at 0.7597. If that happens, it will open the way down to 0.7551. | ||
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Source:: EURUSD has reached fresh lows.
