USDCHF is still rising.

EURUSD Technical Analysis
Resistance 1.2366 1.2422 1.2455
Support 1.2276 1.2244 1.2187
Primary Scenario EURUSD proceeded to fresh low. If the pair manages to extend its downtrend, it will move deeper towards the support level at 1.2276 and then lower at 1.2244.
Alternative Scenario A surge of the market, will bring the pair into a correction course, targeting the daily pivot at 1.2333 and even higher at 1.2366. RSI oscillator supports this scenario.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5729 1.5773 1.5828
Support 1.5629 1.5574 1.5529
Primary Scenario The pair is oscillating around the daily pivot (1.5673). A decisive movement to the south, will push prices to retest the barrier at 1.5629 and further down at 1.5574.
Alternative Scenario An upward wave would lead the currency rate up to the resistance level at 1.5729.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9799 0.9825 0.9867
Support 0.9731 0.9688 0.9663
Primary Scenario USDCHF is still rising. A higher thrust of the market, will trigger the market to penetrate the resistance at 0.9799. The next resistance is seen at 0.9825.
Alternative Scenario A setback of the pair, will push the pair to find support at 0.9757 and then lower at 0.9731. RSI is amounted at 72, trading within an overbought territory.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 119.95 120.58 121.16
Support 119.52 118.92 118.42
Primary Scenario The pair is now testing the previous top at 119.95. Should USDJPY manage to exceed this hurdle, it will climb towards the resistance at 120.58 and even higher at 121.16.
Alternative Scenario A reversal back of the pair, will push the exchange rate to reach the support levels at 119.52 and 118.92. RSI supports this outlook.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.8450 0.8497 0.8528
Support 0.8372 0.8341 0.8294
Primary Scenario AUDUSD is currently trading in a downward trend. If the bears manage to withstand the bulls pressure, it will target the forthcoming support level at 0.8341. The next support is seen at 0.8294.
Alternative Scenario An upside momentum will lift the market above the daily pivot (0.8419), and further up at 0.8450.


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