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USDCHF is oscillating around the daily pivot at 0.9655.

Posted On 13 Nov 2014
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EURUSD Technical Analysis
EURUSD H4
Resistance 1.2483 1.2529 1.2561
Support 1.2404 1.2372 1.2326
Primary Scenario EURUSD is trading narrowly below the daily pivot at 1.2451. Any decisive movement downwards will lead the pair to retest the support at 1.2408. A breach below that level will push prices lower to the forthcoming support at 1.2372.
Alternative Scenario A successful surpass above the daily pivot, will generate strength for the market to climb towards the resistance level at 1.2483.

EURUSDH4

GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5886 1.5995 1.6051
Support 1.5721 1.5666 1.5557
Primary Scenario The pair has violated the daily pivot (1.5831) and is poised to reach the next support at 1.5721. If GBPUSD achieves to breach this level, it will move lower, down to the next support at 1.5666.
Alternative Scenario A surge of the price will lead the currency rate to the daily pivot and even higher at 1.5886.

GBPUSDH4

USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9687 0.9712 0.9745
Support 0.9630 0.9597 0.9573
Primary Scenario USDCHF is oscillating around the daily pivot at 0.9655. An impulsive movement upwards will trigger the market to target the resistance level at 0.9687 and further up at 0.9712.
Alternative Scenario A plunge of the pair will push prices below the daily pivot and even lower at 0.9630.

USDCHFH4

USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 116.08 116.60 118.30
Support 115.44 114.99 116.63
Primary Scenario The pair bounced up from the previous correction. Should USDJPY manage to exceed the hurdle at 116.08, it will target the next resistance at 116.60.
Alternative Scenario A comeback of the exchange rate will lead the way down to the support level at 115.44 and further down to 114.99.

USDJPYH4

AUDUSD Technical Analysi AUDUSD H4 Up Trend
Resistance 0.8752 0.8787 0.8831
Support 0.8673 0.8629 0.8594
Primary Scenario AUDUSD is trading on the daily pivot point (0.8708). Any purposeful movement to the north, will lift the market towards the resistance level at 0.8752 and then higher at 0.8787.
Alternative Scenario A setback of the market, will push the pair below the daily pivot, down to the support at 0.8673.

AUDUSDH4

The post USDCHF is oscillating around the daily pivot at 0.9655. appeared first on Forex Circles.

Source:: USDCHF is oscillating around the daily pivot at 0.9655.

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