April 8, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1440 | 1.1505 | 1.1556 |
| Support | 1.1323 | 1.1272 | 1.1207 |
| Primary Scenario | EURUSD is now trading below the daily pivot (1.1388). Any decisive movement to the south will trigger the market to breach the barrier at 1.1323 and then lower to the support level at 1.1272. | ||
| Alternative Scenario | An upward wave above the daily pivot will fuel the pair further towards the resistance level at 1.1440. | ||
 | GBPUSD | H4 | |
| Resistance | 1.4124 | 1.4194 | 1.4232 |
| Support | 1.4016 | 1.3978 | 1.3908 |
| Primary Scenario | The pair is following a downtrend. Further drop of GBPUSD will push prices to find support at 1.4016 and even lower at 1.3978. | ||
| Alternative Scenario | On the other hand, a surge of the currency pair above the daily pivot will lift the exchange rate towards 1.4124. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9582 | 0.9611 | 0.9642 |
| Support | 0.9523 | 0.9492 | 0.9464 |
| Primary Scenario | USDCHF is heading towards the resistance level at 0.9582. A successful penetration of this level will accelerate the market to target the forthcoming resistance level at 0.9611. | ||
| Alternative Scenario | A comeback of the currency pair will pave the path down to the daily pivot at 0.9551 and even lower at 0.9523. | ||
 | USDJPY | H4 | |
| Resistance | 109.14 | 109.67 | 110.38 |
| Support | 108.57 | 108.05 | 107.67 |
| Primary Scenario | The pair is following a correction course. A fruitless attempt to move higher will push the pair down to 108.57 and then lower at 108.05.The next support is estimated at 107.67. | ||
| Alternative Scenario | Alternatively, a higher thrust of the exchange rate will lead the pair to hit the hurdle at 109.14 and further up to 109.67. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7596 | 0.7689 | 0.7741 |
| Support | 0.7450 | 0.7398 | 0.7305 |
| Primary Scenario | AUDUSD is gyrating the daily pivot point at 0.7543. A bounce up from current levels will propell the market to eye the resistance level at 0.7596 and even higher at 0.7689. | ||
| Alternative Scenario | A setback of the pair below the daily pivot will open the way down to 0.7450. | ||
Article by ForexTime
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