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USDCHF intends to eye a fresh high.
| EURUSD | H4 | ||
| 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. | ||
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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. | ||
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USDCHF | H4 |  |
| 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. | ||
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USDJPY | H4 | |
| 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. | ||
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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. | ||
The post USDCHF intends to eye a fresh high. appeared first on Forex Circles.
Source:: USDCHF intends to eye a fresh high.
