USDCHF intends to eye a fresh high.

EURUSD Technical Analysis
Resistance 1.0859 1.0895 1.0921
Support 1.0798 1.0772 1.0737
Primary Scenario EURUSD is heading towards the support level at 1.0798. A drop below this level will most likely push prices to find support at 1.0772.
Alternative Scenario An upward wave would lead the exchange rate above the daily pivot, reaching the hurdle at 1.0859.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5610 1.5663 1.5700
Support 1.5521 1.5484 1.5432
Primary Scenario The pair is negotiating narrowly below the daily pivot point at 1.5574. Any decisive movement to the south will trigger the market to hit the support levels at 1.5521 and even lower at 1.5484.
Alternative Scenario On the other hand, a successful surpass above the daily pivot (1.5574) will lift GBPUSD towards the resistance at 1.5610.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9661 0.9679 0.9710
Support 0.9613 0.9582 0.9565
Primary Scenario USDCHF intends to eye a fresh high. If the pair achieves to extend its uptrend, it will target the resistance levels at 0.9661 and 0.9679. The next resistance is seen at 0.9710.
Alternative Scenario A break back below the daily pivot at 0.9630 will open the way down to 0.9613. RSI oscillator supports this sentiment.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 124.70 125.04 125.66
Support 124.22 123.91 123.64
Primary Scenario The USDJPY pair is still rising. If the bulls manage to take control of the bears, the next resistance is estimated at 124.70 and further up to 125.04.
Alternative Scenario A failed attempt to move higher will bring the market into a correction course, targeting the support level at 124.22 and even deeper at 123.91. RSI oscillator is trading within an overbought territory.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7400 0.7433 0.7470
Support 0.7331 0.7294 0.7261
Primary Scenario AUDUSD is gyrating the daily pivot point at 0.7363. A plunge of the currency pair below the barrier at 0.7331 will push the market to find support at 0.7294.
Alternative Scenario Alternatively, a higher thrust of the exchange rate will fuel the pair to penetrate the daily pivot, with immediate target the resistance at 0.7400.


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