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USDCHF has just surpassed the hurdle at 0.9900.

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EURUSD Technical AnalysisEURUSDH4Down Trend
Primary ScenarioEURUSD is now trading in multi-year low. If the pair manages to eliminate the support level at 1.0776, it will fall further down to 1.0730. Be aware of the RSI oscillator which is negotiating within an oversold zone.
Alternative ScenarioA reversal back above the resistance at 1.0814, will push prices to reach the daily pivot point at 1.0860.



GBPUSD Technical AnalysisGBPUSDH4Down Trend
Primary ScenarioAfter a short correction course of the market, GBPUSD achieved to breach below the daily pivot (1.5099). A sustained trading below this level will most likely lead the pair to retest the barrier at 1.5061 and then lower at 1.4995.
Alternative ScenarioA comeback of the exchange rate will lead the market above the daily pivot, with immediate target the resistance level at 1.5165.



USDCHF Technical AnalysisUSDCHFH4Up Trend
Primary ScenarioUSDCHF has just surpassed the hurdle at 0.9900. If the pair manages to extend its uptrend, it will target the next resistance at 0.9927.
Alternative ScenarioA plunge of the pair below the support at 0.9900, will push the market to find support at 0.9877. RSI oscillator supports this outlook.



USDJPY Technical AnalysisUSDJPYH4Up Trend
Primary ScenarioUSDJPY is now testing a multi-month high at 122.02. A successful attempt to exceed this barrier it will generate strength for the market to eye the forthcoming resistance at 122.82.
Alternative ScenarioOn the other hand, a setback of the prices will lead the pair to find support at 121.32 and then lower at 120.75. RSI oscillator is trading within an overbought territory.



AUDUSD Technical AnalysiAUDUSDH4Down Trend
Primary ScenarioThe pair is heading towards the support level at 0.7622. Further drop of the market will open the way down to 0.7592 (Fibonacci Support level 261.8%).
Alternative ScenarioAn upward wave would lift AUDUSD above the resistance level 0.7653, towards the hurdle at 0.7678. RSI is trading at 27, within an oversold area.



The post USDCHF has just surpassed the hurdle at 0.9900. appeared first on Forex Circles.

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