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AUDUSD experienced strong resistance.

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EURUSD Technical AnalysisEURUSDH4Down Trend
Resistance1.24791.25381.2569
Support1.23891.23581.2299
Primary ScenarioEURUSD is oscillating the daily pivot at 1.2448. A decisive movement to the south will lead the pair to breach the barrier at 1.2389 and will open the way down to retest the support level at 1.2358.
Alternative ScenarioAn upward wave, would lift the market to reach the daily pivot and even higher at 1.2479.

 

EURUSDH4

GBPUSD Technical AnalysisGBPUSDH4Down Trend
Resistance1.58911.59421.5967
Support1.58151.57901.5739
Primary ScenarioA strong move led the pair to clean the daily pivot. If GBPUSD achieves to extend its downtrend, it will push prices lower to 1.5815 and 1.5790.
Alternative ScenarioA surge of the currency rate, will trigger the market to exceed the daily pivot and then higher at the resistance level at 1.5891.

 

GBPUSDH4

USDCHF Technical AnalysisUSDCHFH4Up Trend
Resistance0.97040.97280.9772
Support0.96360.95920.9568
Primary ScenarioThe pair bounced up from the previous bottom and is now trading above the daily pivot zone (0.9660). If USDCHF manages to withhold the sellers’ pressure, it will climb towards the resistance at 0.9704 and further up at 0.9728.
Alternative ScenarioA plunge of the market will push the pair to find support at the daily pivot and then lower at 0.9636.

 

USDCHFH4

USDJPY Technical AnalysisUSDJPYH4Up Trend
Resistance115.56116.60118.30
Support114.60113.85113.43
Primary ScenarioUSDJPY is heading to the hurdle at 115.56. A successful attempt to penetrate this level, will fuel the pair further towards the Fibonacci resistance level 161.8% at 116.60.
Alternative ScenarioA comeback of the exchange rate, will push the pair down to the support level at 114.60.

 

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Down Trend
Resistance0.86650.87100.8739
Support0.85910.85630.8518
Primary ScenarioAUDUSD experienced strong resistance, before retracing below the daily pivot (0.8636). A sustained trading below this level, will open the way towards the support level at 0.8591 and even lower at 0.8563.
Alternative ScenarioShould the pair manage to exceed the daily pivot, the next resistance is seen at 0.8665.

 

AUDUSDH4

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