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USDCHF is heading to the support level at 0.9624.

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EURUSD Technical AnalysisEURUSDH4Up Trend
Primary ScenarioEURUSD bounce up from the previous low and it is now heading to the resistance level at 1.2495. A successful surpass of this level will lead the market to reach the next target at 1.2537.
Alternative ScenarioA setback of the pair, will push prices to find support at the daily pivot point at 1.2426.



GBPUSD Technical AnalysisGBPUSDH4Up Trend
Primary ScenarioThe pair recovered from the previous bottom and managed to clear the key resistance at 1.5906. A sustained trading above this level, will generate strength for the market to hit the next resistance at 1.5944 and then higher at 1.6002.
Alternative ScenarioA plunge of the market will push prices below the support at 1.5906 and further lower at the daily pivot (1.5848).



USDCHF Technical AnalysisUSDCHFH4Down Trend
Primary ScenarioUSDCHF is heading to the support level at 0.9624. A decisive movement downwards will eliminate this barrier, targeting the support at 0.9592 and further down to 0.9534.
Alternative ScenarioAn upside momentum will trigger the market to hit the daily pivot (0.9682) and even higher at 0.9715.



USDJPY Technical AnalysisUSDJPYH4Up Trend
Primary ScenarioUSDJPY is poised to breach the important support at 113.95. If this happens, it will open the way towards the next levels at 113.54 and 113.16.
Alternative ScenarioA higher thrust of the pair, will lift the currency rate up to the hurdle at 114.35 and even higher at 114.76.



AUDUSD Technical AnalysiAUDUSDH4Up Trend
Primary ScenarioThe pair is now testing the resistance level at 0.8679. If AUDUSD manages to withstand the sellers’ pressure, it will climb towards the resistance at 0.8726 and 0.8796.
Alternative ScenarioA reversal back of the exchange rate, will push prices to find support at the daily pivot at 0.8610.



The post USDCHF is heading to the support level at 0.9624. appeared first on Forex Circles.

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