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USDCHF: Still moving sideways.

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EURUSD Technical AnalysisEURUSDH4Up Trend
Resistance1.13521.13851.1425
Support1.12801.12401.1207
Primary ScenarioEURUSD is hovering around the daily pivot point at 1.1312. An upward wave would lift the market to retest the resistance level at 1.1352. The next resistance is seen at 1.1385.
Alternative ScenarioA plunge of the market below the daily pivot, will push prices to find support at 1.1280.

 

EURUSDH4

GBPUSD Technical AnalysisGBPUSDH4Down Trend
Resistance1.52861.53191.5364
Support1.52071.51631.5129
Primary ScenarioThe pair is trading narrowly below the daily pivot (1.5241). Any forceful movement to the south will lead the exchange rate down to the support levels at 1.5207 and 1.5163.
Alternative ScenarioOn the other hand, a successful attempt to penetrate the daily pivot will fuel the pair to reach the resistance at 1.5286.

 

GBPUSDH4

USDCHF Technical AnalysisUSDCHFH4Up Trend
Resistance0.92870.93130.9350
Support0.92230.91860.9160
Primary ScenarioUSDCHF is still moving sideways. If the pair manages to withstand the sellers’ pressure, it will climb towards the hurdle at 0.9287. A surpass of this level, will generate strength for the market to target the forthcoming resistance at 0.9313.
Alternative ScenarioShould the pair manage to breach the daily pivot, the next support is seen at 0.9223.

 

USDCHFH4

USDJPY Technical AnalysisUSDJPYH4Up Trend
Resistance119.66119.95120.73
Support119.22118.97118.31
Primary ScenarioUSDJPY is negotiating near the previous high. A higher thrust of the market will lead the currency pair to exceed the resistance at 119.66, into fresh highs, targeting the next resistance level at 119.95 and even higher at 120.73.
Alternative ScenarioA reversal back of the USDJPY pair will bring the market into a correction phase towards the support levels at 119.22 and 118.97.

 

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Down Trend
Resistance0.78230.78790.7918
Support0.77290.76910.7635
Primary ScenarioThe pair is oscillating around the daily pivot at 0.7785. A decisive movement downwards will push the pair to find support at 0.7729 and further down to 0.7691.
Alternative ScenarioAlternatively, a successful attempt to surpass the daily pivot will lead the rate towards the resistance level at 0.7823.

 

AUDUSDH4

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