AUDUSD is oscillating around the daily pivot.

Article by ForexTime

	EURUSD	H4
Resistance	1.3283	1.3327	1.3359
Support	1.3207	1.3175	1.3131
Primary Scenario	EURUSD opened with a gap on the today’s session, pushing prices lower from the key support at 1.3207. A sustained trading below this level will most likely lead the pair lower to find support at 1.3175 and further down to 1.3131.
Alternative Scenario	A surge of the rate above the barrier at 1.3207, sees next resistance at the daily pivot (1.3251). RSI supports this scenario.

 

	GBPUSD	H4
Resistance	1.6588	1.6608	1.6622
Support	1.6555	1.6541	1.6521
Primary Scenario	The pair retraced the losses from the opening gap and it is now heading to the daily pivot at 1.6574. Should GBPUSD achieves to exceed the daily pivot point, it will climb towards the hurdle at 1.6588 and then higher at 1.6608.
Alternative Scenario	A comeback of the market, would bring the pair to breach the support at 1.6555 and to retest the next one at 1.6541.

 

	USDCHF	H4
Resistance	0.9158	0.9181	0.9209
Support	0.9107	0.9079	0.9056
Primary Scenario	USDCHF approached the resistance level at 0.9181, before returning below the support at 0.9158. An upward wave would be a catalyst for the market to penetrate the hurdle at 0.9158 and to retest the resistance level at 0.9181. Further increase of the price, will lead the rate to the forthcoming resistance at 0.9209.
Alternative Scenario	Any purposeful movement to the south, will bring the market into a correction course towards the support at the daily pivot (0.9130) and then lower at 0.9107.

 

	USDJPY	H4
Resistance	104.22	104.69	105.44
Support	103.87	103.49	102.84
Primary Scenario	The Monday’s gap brought the pair to fresh highs. If the pair manages to extend its uptrend, the next resistance is seen at 104.22 and 104.69. RSI oscillator is trading within an overbought area.
Alternative Scenario	A plunge of USDJPY will push the market to find support at 103.87, the Tenkan-sen line. The next support is estimated at 103.49.

 

	AUDUSD	H4
Resistance	0.9330	0.9347	0.9366
Support	0.9294	0.9275	0.9258
Primary Scenario	AUDUSD is oscillating around the daily pivot point at 0.9311. Any decisive movement upwards will trigger the market to surpass the hurdle at 0.9330, targeting the next resistance at 0.9347 and 0.9366.
Alternative Scenario	A successful attempt to violate the daily pivot, will lead the pair to retest the support at 0.9294.

 

 

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Article by ForexTime

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