USDCHF is oscillating around the daily pivot at 0.9791.

EURUSD Technical Analysis
Resistance 1.1241 1.1294 1.1356
Support 1.1125 1.1062 1.1009
Primary Scenario EURUSD is gyrating the daily pivot point at 1.1178. A decisive movement to the south will push the pair to find support at 1.1125 and further down to 1.1062.
Alternative Scenario A higher thrust of the exchange rate would fuel the pair above the daily pivot, targeting the resistance level at 1.1241.


GBPUSD Technical Analysis GBPUSD H4 Up Trend
Resistance 1.5242 1.5313 1.5367
Support 1.5117 1.5063 1.4993
Primary Scenario The pair is trading slightly above the daily pivot (1.5188). A surge of GBPUSD above this level will lead the market towards the resistance level at 1.5242 and then higher at 1.5313.
Alternative Scenario A drop of the pair below the daily pivot point will open the way down to 1.5117.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9839 0.9891 0.9939
Support 0.9739 0.9691 0.9640
Primary Scenario USDCHF is oscillating around the daily pivot at 0.9791. If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance level at 0.9839 and even higher at 0.9891.
Alternative Scenario A plunge of the market below the daily pivot will push prices to find support at 0.9739.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 120.46 120.91 121.22
Support 120.18 119.87 119.52
Primary Scenario The pair is trading narrowly above the upper level of the cloud at 120.18. Should the pair achieve to gain its bullish momentum, the next resistance is seen at 120.46 and even higher at 120.91.
Alternative Scenario Alternatively, a break back below the support at 120.18 will lead the currency pair down to 119.87.


AUDUSD Technical Analysi AUDUSD H4 Up Trend
Resistance 0.7050 0.7078 0.7114
Support 0.6987 0.6950 0.6923
Primary Scenario AUDUSD is revolving the daily pivot point (0.7014). Any forceful attempt to retest the hurdle at 0.7050 will trigger the market to hit the forthcoming level at 0.7078.
Alternative Scenario. A comeback of the exchange rate will pave the path lower towards the support level at 0.6987.


The post USDCHF is oscillating around the daily pivot at 0.9791. appeared first on Forex Circles.

Source:: USDCHF is oscillating around the daily pivot at 0.9791.

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