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USDCHF is searching for direction.
| EURUSD | H4 | ||
| Resistance | 1.1324 | 1.1371 | 1.1448 |
| Support | 1.1201 | 1.1124 | 1.1077 |
| Primary Scenario | EURUSD jumped above the daily pivot (1.1248) in the previous session. Should the pair achieve to withstand the sellers’ pressure, the exchange rate will climb towards the resistance level at 1.1324 and even higher at 1.1371. | ||
| Alternative Scenario | A plunge of the pair below the daily pivot point will pave the way down to 1.1201. | ||
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GBPUSD | H4 | |
| Resistance | 1.5498 | 1.5555 | 1.5635 |
| Support | 1.5361 | 1.5280 | 1.5223 |
| Primary Scenario | The pair surged into fresh highs and is now negotiating above the daily pivot at 1.5418. If the pair manages to extend its uptrend, it will target the resistance levels at 1.5498 and 1.5555. | ||
| Alternative Scenario | A reversal back below the daily pivot point will push prices to find support at 1.5361. RSI oscillator supports this sentiment. | ||
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USDCHF | H4 |  |
| Resistance | 0.9781 | 0.9832 | 0.9873 |
| Support | 0.9689 | 0.9649 | 0.9597 |
| Primary Scenario | USDCHF is searching for direction. A decisive movement to the south will most likely lead the market to breach the barrier at 0.9689, with immediate target the support level at 0.9649. | ||
| Alternative Scenario | A higher thrust of the currency pair would lift the rate to reach the key resistance level at 0.9781. | ||
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USDJPY | H4 | |
| Resistance | 120.95 | 121.31 | 121.77 |
| Support | 120.63 | 120.14 | 119.34 |
| Primary Scenario | The pair has experienced strong resistance in the previous session. A successful attempt to penetrate the hurdle at 120.95 will trigger the market to target the resistance level at 121.31 and even higher at 121.77. | ||
| Alternative Scenario | Alternatively, a break back below the support level at 120.63 will push prices to find support at the upper level of the cloud (120.14). | ||
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AUDUSD | H4 | |
| Resistance | 0.7130 | 0.7191 | 0.7283 |
| Support | 0.6976 | 0.6884 | 0.6822 |
| Primary Scenario | AUDUSD has finally managed to exceed the daily pivot point at 0.7037. A persistent trading above this level will generate strength for the market to hit the resistance level at 0.7130 and then higher at 0.7191. | ||
| Alternative Scenario. | On the other hand, a downward wave below the daily pivot would open the way down to 0.6976. | ||
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