USDCHF is now testing the key resistance at 0.9263.

Posted On 02 Feb 2015
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EURUSD Technical Analysis
Resistance 1.1340 1.1394 1.1425
Support 1.1255 1.1223 1.1169
Primary Scenario EURUSD is trading below the daily pivot at 1.1309. A decisive movement downwards will lead the market to retest the support level at 1.1255. A drop of the pair below this level, will eye the forthcoming support at 1.1223.
Alternative Scenario A higher thrust of the exchange rate will lift the pair above the daily pivot point and further up at 1.1340.


GBPUSD Technical Analysis GBPUSD H4 Up Trend
Resistance 1.5106 1.5154 1.5213
Support 1.4999 1.4940 1.4892
Primary Scenario The pair bounced up from the previous bottom, before closing above the daily pivot at 1.5047. A successful attempt to move higher will most likely generate strength for GBPUSD to penetrate the hurdle at 1.5106, targeting the next resistance at 1.5154.
Alternative Scenario A comeback of the pair below the daily pivot will push prices to find support at 1.4999.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9263 0.9335 0.9382
Support 0.9144 0.9096 0.9024
Primary Scenario USDCHF is now testing the key resistance at 0.9263. If the bulls manage to take control and exceed this hurdle, it will climb towards the resistance level at 0.9335 and then higher at 0.9382.
Alternative Scenario A plunge of the market will lead the pair to reach the daily pivot at 0.9215 and even lower at 0.9144.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 118.02 118.48 118.81
Support 117.34 116.93 116.61
Primary Scenario USDJPY is oscillating within the cloud. An upward wave would fuel the pair to surpass the upper level of the Kumo (118.02), with immediate target the resistance level at 118.48.
Alternative Scenario On the other hand, a tumble of the currency pair will push the market lower down to the support level at 117.34.


AUDUSD Technical Analysi AUDUSD H4 Up Trend
Resistance 0.7793 0.7828 0.7859
Support 0.7726 0.7695 0.7660
Primary Scenario AUDUSD is poised to penetrate the key resistance at 0.7793. If that happens, the next resistance is seen at 0.7828 and then higher at 0.7859.
Alternative Scenario Should the pair manage to breach the daily pivot (0.7761), it will find support at 0.7726.


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