USDCHF bounced up from the previous bottom.

EURUSD Technical Analysis
Resistance 1.1238 1.1319 1.1424
Support 1.1052 1.0948 1.0867
Primary Scenario EURUSD is trading slightly above the daily pivot point at 1.1134. An upward wave would trigger the market to retest the hurdle in line at 1.1238 and target higher the resistance level at 1.1319.
Alternative Scenario Should the pair manage to breach below the daily pivot, it will find support at 1.1052.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5586 1.5661 1.5773
Support 1.5400 1.5288 1.5213
Primary Scenario The pair has finally achieved to exceed the daily pivot at 1.5586. A sustained trading above this level will most likely lift GBPUSD towards the resistance level at 1.5586 and then higher at 1.5661.
Alternative Scenario A setback of the exchange rate will lead the pair to violate the daily pivot, with immediate target the support level at 1.5400.


USDCHF Technical Analysis USDCHF H4
Resistance 0.9461 0.9554 0.9620
Support 0.9302 0.9236 0.9143
Primary Scenario USDCHF bounced up from the previous bottom and is now negotiating above the daily pivot at 0.9395. If the pair manages to withhold the sellers’ pressure, it will climb towards the resistance level at 0.9461 and 0.9554.
Alternative Scenario A comeback of the market will see the rate below the daily pivot, targeting the support level at 0.9302.


USDJPY Technical Analysis USDJPY H4 Down Trend
Resistance 122.64 123.15 123.70
Support 122.15 121.25 120.40
Primary Scenario The pair is now testing the lower level of the cloud at 122.64. A failed attempt to penetrate this level will push prices to find support at 122.15 and further down to 121.25.
Alternative Scenario On the other hand, a surge of USDJPY will fuel the pair to enter within the cloud. The next resistance is estimated at 123.15.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7485 0.7534 0.7572
Support 0.7399 0.7360 0.7312
Primary Scenario AUDUSD is gyrating the daily pivot point at 0.7447. A decisive movement to the north will generate strength for the market to target the forthcoming resistance level at 0.7485 and even higher at 0.7534.
Alternative Scenario If the pair manages to breach the daily pivot, it will open the way down to 0.7399.


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Source:: USDCHF bounced up from the previous bottom.

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