USDCHF fell deeper in the previous session.

EURUSD Technical Analysis
Resistance 1.1364 1.1438 1.1540
Support 1.1188 1.1087 1.1012
Primary Scenario EURUSD surged into fresh high. Should the pair achieve to extend its momentum, the next resistance is seen at 1.1364 and further up to 1.1438.
Alternative Scenario A break back below the daily pivot (1.1263) will pave the path down to 1.1188.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.4527 1.4589 1.4664
Support 1.4391 1.4315 1.4254
Primary Scenario The pair is negotiating slightly above the daily pivot point at 1.4452. A bounce up from current levels will trigger the market to hit the resistance levels at 1.4527 and 1.4589.
Alternative Scenario Alternatively, a plunge of GBPUSD below the daily pivot will push prices down to 1.4391.


USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 0.9833 0.9943 1.0012
Support 0.9654 0.9584 0.9475
Primary Scenario USDCHF fell deeper in the previous session. Further drop of the market will lead the rate underway towards the support level at 0.9654 and then lower at 0.9584. RSI is trading within the oversold territory.
Alternative Scenario A correction course of the currency pair will lift the market above the daily pivot at 0.9763, targeting the resistance level at 0.9833.


USDJPY Technical Analysis USDJPY H4 Down Trend
Resistance 114.97 115.54 116.43
Support 114.18 113.45 112.87
Primary Scenario The pair is trading near the previous low. Any decisive movement to the south will lead the pair to breach the important support level at 114.18, with immediate target the support level at 113.45.
Alternative Scenario On the other hand, a successful attempt to penetrate the Tenkan-sen line at 114.97 will lead USDJPY towards 115.54.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7116 0.7166 0.7238
Support 0.6994 0.6922 0.6872
Primary Scenario AUDUSD is hovering around the daily pivot point (0.7044). If the pair manages to withhold the sellers’ pressure, it will climb towards 0.7116 and even higher at 0.7166.
Alternative Scenario A comeback of the market below the daily pivot will push the pair to find support at 0.6994.


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Source:: USDCHF fell deeper in the previous session.

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