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USDCHF soars today.

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EURUSD Technical AnalysisEURUSDH4Down Trend
Primary ScenarioEURUSD is following a downtrend. If the pair manages to extend its momentum, it will violate the support level at 1.0612, with immediate target the forthcoming support at 1.0546.
Alternative ScenarioOn the other hand, a higher thrust of the market will lead the pair to penetrate the daily pivot (1.0734) and further up at 1.0800. RSI is trading at 21, within an oversold zone.



GBPUSD Technical AnalysisGBPUSDH4Up Trend
Primary ScenarioThe pair is gyrating the daily pivot point at 1.5070. A decisive movement upwards will trigger the market to target the resistance levels at 1.5111 and then higher at 1.5170.
Alternative ScenarioA plunge of GBPUSD below the daily pivot will push prices to find support at 1.5011.



USDCHF Technical AnalysisUSDCHFH4Up Trend
Primary ScenarioUSDCHF soars today and managed to proceed to fresh high. Further increase of the pair will lift the exchange rate higher towards the resistance levels at 1.0043 and 1.0094.
Alternative ScenarioA drop of the market below the daily pivot at 0.9948 will bring the pair into a correction phase. The next support is seen at 0.9897. RSI oscillator supports this scenario.



USDJPY Technical AnalysisUSDJPYH4Up Trend
Primary ScenarioThe strength of the market faded, but the bullish outlook is still in force. Any fruitful attempt to exceed the hurdle at 121.50 will lead USDJPY to retest the resistance level at 122.02. The next resistance is seen at 122.82.
Alternative ScenarioA comeback of the currency pair will push the rate to find support at 120.83 and even lower at 120.31.



AUDUSD Technical AnalysiAUDUSDH4Down Trend
Primary ScenarioAUDUSD is negotiating below the daily pivot point (0.7644). Should the pair manage to breach the support level at 0.7582, it will open the way down to 0.7541 and then lower at 0.7479.
Alternative ScenarioAn upward wave would lead the pair to surpass the daily pivot and to retest the resistance level at 0.7684.



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