USDCHF is revolving the daily pivot point.

EURUSD Technical Analysis

EURUSD H4
Resistance 1.1044 1.1097 1.1147
Support 1.0940 1.0891 1.0837
Primary Scenario EURUSD is now trading near the previous top at 1.1044. A successful attempt to penetrate this level will trigger the market to target the forthcoming resistance level at 1.1097.
Alternative Scenario Alternatively, a comeback of the exchange rate below the daily pivot (1.0994) will push the pair to find support at 1.0940.

EURUSDH4

GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5211 1.5282 1.5334
Support 1.5087 1.5035 1.4964
Primary Scenario The pair is gyrating the daily pivot point at 1.5159. A higher thrust of GBPUSD will fuel the pair to retest the hurdle in line at 1.5211. The next resistance is seen at 1.5282.
Alternative Scenario A decisive breach of the the daily pivot will open the way down to 1.5087.

GBPUSDH4

USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 0.9883 0.9920 0.9969
Support 0.9797 0.9748 0.9711
Primary Scenario USDCHF is revolving the daily pivot point (0.9834). A drop of the market below the support level at 0.9797 will push prices lower towards the next target at 0.9748.
Alternative Scenario An upward wave would lead the pair above the daily pivot, with immediate target the resistance at 0.9883.

USDCHFH4

USDJPY Technical Analysis USDJPY H4 Down Trend
Resistance 121.08 121.51 121.94
Support 120.64 120.33 119.99
Primary Scenario The pair is following a downtrend. If USDJPY achieves to violate the support at 120.64, the next support is estimated at 120.33 and even lower at 119.99.
Alternative Scenario On the other hand, should the pair manage to withhold the sellers’ pressure, it will climb towards the resistance levels at 121.08 and 121.51.

USDJPYH4

AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7286 0.7332 0.7396
Support 0.7176 0.7112 0.7066
Primary Scenario AUDUSD has tested the hurdle at 0.7286. A surge of the market above this level will lift the exchange rate towards the resistance at 0.7332.
Alternative Scenario. A plunge of the market below the daily pivot (0.7222) will lead Aussie down to 0.7176.

AUDUSDH4

The post USDCHF is revolving the daily pivot point. appeared first on FXTM Blog.

Source:: USDCHF is revolving the daily pivot point.

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