USDCHF is still under pressure.

June 8, 2016

Article by ForexTime

EURUSD H4
Resistance 1.1377 1.1399 1.1419
Support 1.1335 1.1316 1.1294
Primary Scenario EURUSD is testing the hurdle at 1.1377. Should the pair achieve to exceed this level, it will climb towards the resistance level at 1.1399 and even higher at 1.1419.
Alternative Scenario A reversal back below the daily pivot (1.1357) will pave the path down to 1.1335.

GBPUSD H4
Resistance 1.4655 1.4769 1.4880
Support 1.4431 1.4321 1.4207
Primary Scenario The pair is hovering slightly above the daily pivot point at 1.4545. A bounce up from current levels will trigger GBPUSD to target the hurdle at 1.4655. Further bullish momentum will lead the currency pair to hit 1.4769.
Alternative Scenario Alternatively, a setback of the exchange rate would push prices to find support at 1.4431.

USDCHF H4
Resistance 0.9694 0.9738 0.9763
Support 0.9625 0.9600 0.9556
Primary Scenario USDCHF is still under pressure. If the bears continue to overweigh the bulls forces, the next support is seen at 0.9625 and further down to 0.9600.
Alternative Scenario An upward wave will lift the currency pair towards the daily pivot (0.9669) and then higher at 0.9694. RSI supports this outlook.

USDJPY H4
Resistance 107.28 107.91 108.46
Support 106.69 106.34 105.50
Primary Scenario The pair is now poised to breach the key support at 106.69. A successful violation of this level will open the way down to 106.34 and further down to 105.50.
Alternative Scenario On the other hand, a higher thrust of USDJPY would fuel the pair to penetrate the hurdle at 107.28, with immediate target the resistance at 107.91.

AUDUSD H4
Resistance 0.7493 0.7530 0.7597
Support 0.7389 0.7322 0.7285
Primary Scenario AUDUSD surged into fresh high in today’s session. If the pair manages to extend its momentum, the next resistance is seen at 0.7493 and then higher at 0.7530. RSI oscillator is trading at 75.
Alternative Scenario A correction course of the rate would lead the pair to violate the daily pivot point (0.7426), targeting the support level at 0.7389.

 

Article by ForexTime

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