April 27, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1336 | 1.1378 | 1.1419 |
| Support | 1.1254 | 1.1213 | 1.1171 |
| Primary Scenario | EURUSD is revolving the daily pivot point at 1.1296. A surge of the market will fuel the pair to hit the hurdle at 1.1336 and further up to 1.1378. | ||
| Alternative Scenario | A comeback of the market below the daily pivot will push prices to find support at 1.1254. | ||
 | GBPUSD | H4 | |
| Resistance | 1.4652 | 1.4725 | 1.4812 |
| Support | 1.4491 | 1.4404 | 1.4331 |
| Primary Scenario | The pair is trading near the previous top (1.4652). If GBPUSD manages to withhold the sellers’ pressure, it will eliminate this level, targeting the forthcoming resistance at 1.4725. | ||
| Alternative Scenario | Alternatively, a break back below the daily pivot (1.4564) will bring the market into a correction course, with immediate target the support level at 1.4491. RSI supports this outlook. | ||
 | USDCHF | H4 | |
| Resistance | 0.9765 | 0.9798 | 0.9831 |
| Support | 0.9700 | 0.9668 | 0.9635 |
| Primary Scenario | USDCHF is gyrating the daily pivot point (0.9733). A bounce up from current levels will trigger the market to retest the barrier at 0.9765. A successful attempt to exceed this level will lift the currency pair towards 0.9798. | ||
| Alternative Scenario | A tumble of the market will most likely violate the daily pivot and the next support is seen at 0.9700. | ||
 | USDJPY | H4 | |
| Resistance | 111.46 | 111.85 | 112.48 |
| Support | 110.65 | 110.26 | 109.81 |
| Primary Scenario | The trend has been overall neutral during this week. Any forceful attempt to penetrate the hurdle at 111.46 will fuel the pair towards 111.85 and then higher at 112.48. | ||
| Alternative Scenario | On the other hand, a reversal back below the support at 110.65 will pave the path down to 110.26. | ||
 | AUDUSD | H4 |  |
| Resistance | 0.7774 | 0.7803 | 0.7843 |
| Support | 0.7706 | 0.7666 | 0.7637 |
| Primary Scenario | AUDUSD turned sharply bearish in today’s session and achieved to violate all the given supports. Further drop of the pair will lead the exchange rate to breach the key support at 0.7618, targeting the forthcoming level at 0.7582. | ||
| Alternative Scenario | An upward wave will push the pair above the now-resistance at 0.7637 and even higher at 0.7666. RSI oscillator is trading within the oversold territory. | ||
Article by ForexTime
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