USDCHF pounded in the previous session.

EURUSD Technical Analysis
Resistance 1.1272 1.1340 1.1442
Support 1.1103 1.1001 1.0934
Primary Scenario EURUSD has experienced strong resistance. If the pair manages to exceed the hurdle at 1.1272, it will climb towards the next resistance level at 1.1340.
Alternative Scenario A reversal back below the daily pivot at 1.1170 will open the way down to 1.1103. RSI oscillator supports this scenario.


GBPUSD Technical Analysis GBPUSD H4 Down Trend
Resistance 1.4660 1.4732 1.4798
Support 1.4521 1.4456 1.4383
Primary Scenario The pair edged up at 1.4660, before closing below the daily pivot (1.4594). A deeper correction of GBPUSD would push prices to find support at 1.4521 and even lower at 1.4456.
Alternative Scenario On the other hand, an upward wave above the daily pivot will indicate bullish implications and the exchange rate will retest the previous top at 1.4660.


USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 1.0026 1.0125 1.0178
Support 0.9873 0.9821 0.9721
Primary Scenario USDCHF pounded in the previous session. If the pair achieves to extend its momentum, the next support is seen at 0.9873 and further down to 0.9821. RSI oscillator is amounted at 23.
Alternative Scenario A higher thrust of the currency pair will bring the market into a correction course towards the daily pivot at 0.9973 and even higher the resistance level at 1.0026.


USDJPY Technical Analysis USDJPY H4 Down Trend
Resistance 117.00 117.77 118.26
Support 116.49 115.98 115.30
Primary Scenario The pair is following a downtrend. A decisive movement to the south will lead USDJPY to violate the support level at 116.49, with immediate targets 115.98 and 115.30 respectively. RSI is trading within the oversold zone.
Alternative Scenario Alternatively, a successful attempt to penetrate the resistance level at 117.00 will fuel the pair to hit the next target at 117.77.


AUDUSD Technical Analysi AUDUSD H4 Down Trend
Resistance 0.7242 0.7286 0.7332
Support 0.7152 0.7107 0.7062
Primary Scenario AUDUSD topped up at 0.7242, before retracing below the daily pivot point at 0.7197. A daily close below this level will put pressure to the exchange rate to breach the support at 0.7152, targeting lower the forthcoming level at 0.7107.
Alternative Scenario Should the pair manage to surpass the daily pivot, it will lift the rate towards the resistance level at 0.7242.


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Source:: USDCHF pounded in the previous session.

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