20 Nov

USDCHF is still under pressure.

November 20, 2015

	EURUSD	H4
Resistance	1.0778	1.0824	1.0886
Support	1.0670	1.0608	1.0562
Primary Scenario	EURUSD has finally managed to surpass the daily pivot point at 1.0716. A bounce up from current levels will trigger the market to retest the hurdle at 1.0778 and even higher at 1.0824.
Alternative Scenario	A plunge of the pair below the daily pivot will push prices to find support at 1.0670.

	GBPUSD	H4
Resistance	1.5340	1.5391	1.5448
Support	1.5231	1.5174	1.5123
Primary Scenario	The pair is trading on the daily pivot at 1.5283. A decisive movement to the north will generate strength for the market to hit the resistance level at 1.5340 and further up to 1.5391.
Alternative Scenario	A comeback of GBPUSD should lead the exchange rate down to 1.5231.

	USDCHF	H4
Resistance	1.0175	1.0228	1.0255
Support	1.0095	1.0068	1.0015
Primary Scenario	USDCHF is still under pressure. Further drop of the market will open the way down to 1.0095 and then lower at 1.0068.
Alternative Scenario	On the other hand, an upward wave would lift the currency pair above the daily pivot and even higher at 1.0175.

	USDJPY	H4
Resistance	122.99	123.74	124.14
Support	122.71	122.37	121.92
Primary Scenario	The pair is now testing the upper level of the cloud. If the bulls manage to take control of the bears, the next resistance is estimated at 122.99 and further up to 123.74.
Alternative Scenario	Alternatively, should USDJPY achieves to violate the upper level of the cloud the next support is seen at 122.71.

	AUDUSD	H4
Resistance	0.7235	0.7280	0.7347
Support	0.7122	0.7055	0.7010
Primary Scenario	AUDUSD surged above the daily pivot point (0.7168). If the pair manages to extend its momentum, it will target the forthcoming resistance level at 0.7235 and even higher at 0.7280.
Alternative Scenario.	A reversal back below the daily pivot will pave the path down to 0.7122.

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

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USDCHF is still under pressure.