USDCHF is hovering below the daily pivot.

September 17, 2015

Article by ForexTime

EURUSD Technical AnalysisEURUSDH4Up Trend
Resistance1.13341.13801.1441
Support1.12281.11671.1121
Primary ScenarioEURUSD is oscillating around the daily pivot point at 1.1274. Any forceful attempt to penetrate the hurdle at 1.1334 will most likely lead the currency pair to hit the resistance level at 1.1380.
Alternative ScenarioA breach of the daily pivot will pave the way down to the support level at 1.1228.

 

EURUSDH4

 

GBPUSD Technical AnalysisGBPUSDH4Up Trend
Resistance1.55671.56461.5765
Support1.53691.52501.5170
Primary ScenarioThe pair bounced up from the previous low and managed to surpass the daily pivot at 1.5448, a key level. If GBPUSD achieves to extend its momentum, the next resistance is seen at 1.5567 and even higher at 1.5646.
Alternative ScenarioAlternatively, a plunge of the market below the daily pivot will push prices to find support at 1.5369.

 

GBPUSDH4

 

USDCHF Technical AnalysisUSDCHFH4Down Trend
Resistance0.97580.98060.9851
Support0.96650.96200.9572
Primary ScenarioUSDCHF is hovering below the daily pivot at 0.9713. A decisive movement to the north will push the pair lower towards the support level at 0.9665 and further down to 0.9620.
Alternative ScenarioA successful attempt to penetrate the daily pivot will lift the exchange rate to retest the resistance level at 0.9758.

 

USDCHFH4

 

USDJPY Technical AnalysisUSDJPYH4Up Trend
Resistance120.83121.31121.84
Support120.62120.36119.97
Primary ScenarioThe USDJPY pair is now poised to eliminate the barrier at 120.83. If that happens, the next resistance is estimated at 121.31.
Alternative ScenarioOn the other hand, a break back below the support level at 120.62 will push the pair to find support at 120.36.

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Up Trend
Resistance0.72220.72490.7299
Support0.71450.70950.7068
Primary ScenarioAUDUSD is following an uptrend. If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance levels at 0.7222 and 0.7249.
Alternative Scenario. A comeback of the exchange rate would bring the market into a correction course, targeting the daily pivot point (0.7172) and then lower at 0.7145.

 

AUDUSDH4

 


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