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USDCHF is trading near the previous high at 0.9335.

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EURUSD Technical AnalysisEURUSDH4Up Trend
Primary ScenarioEURUSD is trading on the daily pivot point at 1.1366. A decisive movement to the north will generate strength for the market to retest the hurdle at 1.1414. The next resistance is seen at 1.1476.
Alternative ScenarioA plunge of the market will push prices to find support at 1.1304.



GBPUSD Technical AnalysisGBPUSDH4Down Trend
Primary ScenarioHaving reversed from the previous top, GBPUSD is negotiating narrowly below the daily pivot at 1.5380. Further drop of the pair will most likely lead the exchange rate towards the support levels at 1.5321 and 1.5279.
Alternative ScenarioAn upward wave would lift the market above the daily pivot and even higher at 1.5422.



USDCHF Technical AnalysisUSDCHFH4Up Trend
Primary ScenarioUSDCHF is trading near the previous high at 0.9335. If the bulls manage and take control of the bears, it will exceed this level, targeting the forthcoming resistance at 0.9353 and then higher at 0.9379.
Alternative ScenarioAlternatively, a reversal back below the daily pivot, will push the pair to find support at 0.9290.



USDJPY Technical AnalysisUSDJPYH4Up Trend
Primary ScenarioThe pair is trading within the Kumo. A higher thrust of USDJPY will trigger the market to surpass the upper level of the cloud, with immediate target the resistance level at 119.18.
Alternative ScenarioOn the other hand, if the pair manages to breach the support level at 118.24, it will open the way down to 117.84.



AUDUSD Technical AnalysiAUDUSDH4Up Trend
Primary ScenarioAUDUSD finally managed to penetrate the hurdle at 0.7792. If the pair manages to extend its uptrend it will keep rising towards the resistance at 0.7814 and further up at 0.7835.
Alternative ScenarioA comeback of the pair will lead the currency pair below the support at 0.7792 and even lower at 0.7771 (daily pivot point).



The post USDCHF is trading near the previous high at 0.9335. appeared first on Forex Circles.

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