USDCHF has experienced strong resistance.

June 13, 2016

Article by ForexTime

EURUSD H4
Resistance 1.1298 1.1347 1.1374
Support 1.1222 1.1195 1.1146
Primary Scenario EURUSD is following a downtrend. If the pair manages to extend its momentum, the next support is seen at 1.1222 and then lower at 1.1195.
Alternative Scenario A reversal back above the daily pivot (1.1271) will fuel the pair towards 1.1298.

GBPUSD H4
Resistance 1.4420 1.4592 1.4713
Support 1.4127 1.4006 1.3834
Primary Scenario The pair is heading towards the support level at 1.4127. A break back below this level will push prices to find support at 1.4006.
Alternative Scenario On the other hand, an upward wave would lift GBPUSD to hit the daily pivot point at 1.4299. RSI supports this scenario.

USDCHF H4
Resistance 0.9659 0.9678 0.9700
Support 0.9618 0.9596 0.9577
Primary Scenario USDCHF has experienced strong resistance below the barrier at 0.9659. A successful attempt to penetrate this level will trigger the market to the forthcoming resistance at 0.9678.
Alternative Scenario A comeback of the currency pair below the daily pivot (0.9637) will pave the path down to 0.9618.

USDJPY H4
Resistance 105.97 106.44 106.86
Support 105.83 105.51 105.13
Primary Scenario The USDJPY pair is now testing the key support at 105.83. A successful violation of this level would lead the exchange rate down to 105.51 and even lower at 105.13.
Alternative Scenario Alternatively, a higher thrust of the currency pair above the hurdle at 105.97 would fuel the market towards 106.44.

AUDUSD H4
Resistance 0.7417 0.7460 0.7484
Support 0.7349 0.7325 0.7282
Primary Scenario AUDUSD is negotiating below the daily pivot point (0.7393). Should a breakout occur below the key support at 0.7349, the next support is estimated at 0.7325.
Alternative Scenario A successful attempt to exceed the daily pivot will lead the pair to retest the hurdle in line at 0.7417.

 

Article by ForexTime

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