May 4, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1575 | 1.1655 | 1.1696 |
| Support | 1.1455 | 1.1414 | 1.1334 |
| Primary Scenario | EURUSD topped up at 1.1615, before closing below the daily pivot at 1.1535. A deeper correction of the market will pave the path down to 1.1455 and then lower at 1.1414. | ||
| Alternative Scenario | An upward wave would lead the exchange rate to retest the daily pivot point. | ||
 | GBPUSD | H4 | |
| Resistance | 1.4691 | 1.4850 | 1.4932 |
| Support | 1.4451 | 1.4369 | 1.4210 |
| Primary Scenario | The pair has finally breached the daily pivot point (1.4610). Should the bears manage to take control of the bulls, the next support is seen at 1.4451 and further down to 1.4369. | ||
| Alternative Scenario | On the other hand, a higher thrust of the market will trigger GBPUSD to hit the daily pivot and then higher at 1.4691. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9581 | 0.9622 | 0.9691 |
| Support | 0.9471 | 0.9402 | 0.9361 |
| Primary Scenario | USDCHF is now poised to retest the hurdle at 0.9581. If the pair manages to exceed this level, it will climb towards the forthcoming resistance level at 0.9622 and even higher at 0.9691. | ||
| Alternative Scenario | A plunge of the market will push prices to find support at 0.9512 (daily pivot) and then lower at 0.9471. | ||
 | USDJPY | H4 | |
| Resistance | 107.44 | 108.19 | 108.72 |
| Support | 106.84 | 106.11 | 105.53 |
| Primary Scenario | The pair bounced up from the previous bottom and is now testing the hurdle at 107.44. A failed attempt to move higher will push USDJPY to find support at 106.84 and then lower at 106.11. | ||
| Alternative Scenario | Alternatively, a surge of the pair through the barrier at 107.44 will lift the rate towards 108.19. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7639 | 0.7796 | 0.7874 |
| Support | 0.7404 | 0.7326 | 0.7169 |
| Primary Scenario | AUDUSD is still under pressure. A decisive movement to the south will open the way down to 0.7404 and even lower at 0.7326. | ||
| Alternative Scenario | A successful attempt to penetrate the daily pivot (0.7561) will fuel the pair towards 0.7639. | ||
Article by ForexTime
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