USDCHF bottomed at 0.9667.

EURUSD Technical Analysis
Resistance 1.1373 1.1425 1.1476
Support 1.1271 1.1221 1.1168
Primary Scenario EURUSD topped up at 1.1373, before closing below the daily pivot point at 1.1323. Further correction of the currency pair will lead the market to find support at 1.1271 and then lower at 1.1221.
Alternative Scenario Alternatively, a higher thrust of the exchange rate above the daily pivot will fuel the pair to retest the resistance level at 1.1373.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.4563 1.4653 1.4744
Support 1.4382 1.4291 1.4201
Primary Scenario The pair is oscillating around the daily pivot (1.4472). A decisive movement to the south will push pair to hit the support level at 1.4382. A breach of this level will open the way down to 1.4291.
Alternative Scenario A surpass of the daily pivot will trigger the market to climb towards the resistance level at 1.4563.


USDCHF Technical Analysis USDCHF H4 up-trend
Resistance 0.9768 0.9814 0.9868
Support 0.9667 0.9613 0.9567
Primary Scenario USDCHF bottomed at 0.9667, before retracing above the daily pivot at 0.9714. Should the pair achieve to withhold the sellers’ pressure, it will target the resistance level at 0.9768 and even higher at 0.9814.
Alternative Scenario On the other hand, a break back below the daily pivot will push prices to find support at 0.9667.


USDJPY Technical Analysis USDJPY H4
Resistance 113.02 113.59 114.13
Support 112.06 111.53 110.92
Primary Scenario The pair has finished its correction course and is now poised to violate the key support at 112.06. If that happens, the next support is seen at 111.53 and further down to 110.92.
Alternative Scenario A surge of the market will lift USDJPY towards the resistance level at 113.02.


AUDUSD Technical Analysi AUDUSD H4 up-trend
Resistance 0.7176 0.7249 0.7346
Support 0.7007 0.6910 0.6838
Primary Scenario AUDUSD is negotiating slightly above the daily pivot point (0.7080). A bounce up from current levels will accelerate the market to retest the resistance level at 0.7176 and then higher at 0.7249.
Alternative Scenario A tumble of the pair below the daily pivot will pave the path down to 0.7007.


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Source:: USDCHF bottomed at 0.9667.

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