USDCHF has propelled at 0.9735 in today’s session.

May 9, 2016

Article by ForexTime

EURUSD H4
Resistance 1.1457 1.1513 1.1549
Support 1.1364 1.1329 1.1272
Primary Scenario EURUSD is oscillating below the daily pivot point at 1.1421. If the pair manages to extentd its downtrend, the next support is seen at 1.1364 and further down to 1.1329.
Alternative Scenario A surge of the market above the daily pivot will fuel the pair towards the hurdle in line at 1.1457.

GBPUSD H4
Resistance 1.4501 1.4589 1.4633
Support 1.4370 1.4326 1.4238
Primary Scenario The pair has experienced strong resistance and finally crossed the daily pivot at 1.4457. Any forceful attempt to the south will push prices to find support at 1.4370 and then lower at 1.4326.
Alternative Scenario Alternatively, an upward wave would lift the exchange rate to retest the resistance level at 1.4501.

USDCHF H4
Resistance 0.9743 0.9776 0.9823
Support 0.9664 0.9617 0.9584
Primary Scenario USDCHF has propelled at 0.9735 in today’s session. Should the pair manage to withstand the sellers’ pressure, it will eliminate this level, targeting the forthcoming resistance at 0.9776.
Alternative Scenario A plunge of the market below the daily pivot will lead the exchange rate down to 0.9664.

USDJPY H4
Resistance 107.60 108.19 108.72
Support 107.19 106.61 105.86
Primary Scenario The pair is now poised to retest the hurdle at 107.60. A failed attempt to penetrate this level will push the pair to find support at 107.19 and even lower at 106.61.
Alternative Scenario On the other hand, a successful attempt to surpass the barrier at 107.60 will accelerate the pair to enter within the cloud, with immediate target the resistance at 108.19.

AUDUSD H4
Resistance 0.7449 0.7534 0.7591
Support 0.7308 0.7251 0.7167
Primary Scenario AUDUSD is trading slightly below the daily pivot point (0.7393). A decisive movement downwards will open the way down to 0.7308 and then lower at 0.7251.
Alternative Scenario A higher thrust of the currency pair would lift the market above the daily pivot, targeting the resistance at 0.7449.

 

Article by ForexTime

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