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USDCHF has experienced strong resistance on Monday’s session.

Posted On 24 Nov 2014
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EURUSD Technical Analysis
EURUSD H4
Resistance 1.2513 1.2637 1.2706
Support 1.2320 1.2251 1.2127
Primary Scenario EURUSD plunged below the daily pivot (1.2444). A sustained trading below this level will put pressure to the pair to hit the support level at 1.2320. Further dip of the market will push prices to the forthcoming support at 1.2251.
Alternative Scenario Should the pair manage to exceed the daily pivot, it will climb towards the resistance at 1.2513.

EURUSDH4

GBPUSD Technical Analysis GBPUSD H4 Up Trend
Resistance 1.5703 1.5752 1.5790
Support 1.5616 1.5577 1.5529
Primary Scenario The pair has just breached the daily pivot at 1.5703. The next resistance is seen at 1.5752.
Alternative Scenario On the other hand, a plunge of GBPUSD below the daily pivot, will lead the currency rate to find support at 1.5616.

GBPUSDH4

USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9747 0.9800 0.9893
Support 0.9601 0.9509 0.9456
Primary Scenario USDCHF has experienced strong resistance on Monday’s session. If the pair manages to withstand the sellers’ pressure, it will fuel the market further, towards the resistance level at 0.9747 and then higher at 0.9800.
Alternative Scenario A comeback of the currency rate, will open the way down to the daily pivot at 0.9655 and further lower at 0.9509.

USDCHFH4

USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 118.36 118.98 119.77
Support 117.64 117.34 116.80
Primary Scenario The USDJPY pair has been moving sideways for the last two sessions. A decisive movement to the north will trigger the market to target the resistance level at 118.36 and further up at 118.98.
Alternative Scenario A dip of the pair, will see the rate down to 117.64 and moreover lower at 117.34.

USDJPYH4

AUDUSD Technical Analysi AUDUSD H4 Up Trend
Resistance 0.8722 0.8780 0.8838
Support 0.8606 0.8547 0.8490
Primary Scenario AUDUSD has been trapped between the daily pivot point (0.8664) and the resistance level at 0.8722. Any purposeful movement upwards will lift the market to penetrate the hurdle at 0.8722. The next resistance is estimated at 0.8780.
Alternative Scenario If the pair achieves to breach the daily pivot, it will move lower towards the support level at 0.8606.

AUDUSDH4

The post USDCHF has experienced strong resistance on Monday’s session. appeared first on Forex Circles.

Source:: USDCHF has experienced strong resistance on Monday’s session.

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