USDCHF is hovering below the daily pivot.

EURUSD Technical Analysis
EURUSD H4
Resistance 1.1334 1.1380 1.1441
Support 1.1228 1.1167 1.1121
Primary Scenario EURUSD is oscillating around the daily pivot point at 1.1274. Any forceful attempt to penetrate the hurdle at 1.1334 will most likely lead the currency pair to hit the resistance level at 1.1380.
Alternative Scenario A breach of the daily pivot will pave the way down to the support level at 1.1228.

EURUSDH4

GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5567 1.5646 1.5765
Support 1.5369 1.5250 1.5170
Primary Scenario The pair bounced up from the previous low and managed to surpass the daily pivot at 1.5448, a key level. If GBPUSD achieves to extend its momentum, the next resistance is seen at 1.5567 and even higher at 1.5646.
Alternative Scenario Alternatively, a plunge of the market below the daily pivot will push prices to find support at 1.5369.

GBPUSDH4

USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 0.9758 0.9806 0.9851
Support 0.9665 0.9620 0.9572
Primary Scenario USDCHF is hovering below the daily pivot at 0.9713. A decisive movement to the north will push the pair lower towards the support level at 0.9665 and further down to 0.9620.
Alternative Scenario A successful attempt to penetrate the daily pivot will lift the exchange rate to retest the resistance level at 0.9758.

USDCHFH4

USDJPY Technical Analysis USDJPY H4
Resistance 120.83 121.31 121.84
Support 120.62 120.36 119.97
Primary Scenario The USDJPY pair is now poised to eliminate the barrier at 120.83. If that happens, the next resistance is estimated at 121.31.
Alternative Scenario On the other hand, a break back below the support level at 120.62 will push the pair to find support at 120.36.

USDJPYH4

AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7222 0.7249 0.7299
Support 0.7145 0.7095 0.7068
Primary Scenario AUDUSD is following an uptrend. If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance levels at 0.7222 and 0.7249.
Alternative Scenario. A comeback of the exchange rate would bring the market into a correction course, targeting the daily pivot point (0.7172) and then lower at 0.7145.

AUDUSDH4

The post USDCHF is hovering below the daily pivot. appeared first on Forex Circles.

Source:: USDCHF is hovering below the daily pivot.

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