April 6, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1412 | 1.1443 | 1.1482 |
| Support | 1.1343 | 1.1304 | 1.1274 |
| Primary Scenario | EURUSD is revolving around the daily pivot (1.1374). A plunge of the market will push the market to find support at 1.1343. A successful violation of this key level will open the way down to 1.1304. | ||
| Alternative Scenario | A higher thrust of the currency pair above the daily pivot will lead the exchange rate towards 1.1412. | ||
 | GBPUSD | H4 | |
| Resistance | 1.4250 | 1.4342 | 1.4407 |
| Support | 1.4093 | 1.4028 | 1.3936 |
| Primary Scenario | The pair is following a downtrend. Should GBPUSD manage to extend its momentum, it will target the support level at 1.4093 and even lower at 1.4028. | ||
| Alternative Scenario | On the other hand, a successful attempt to penetrate the daily pivot (1.4185) would lift the exchange rate towards the hurdle in line at 1.4250. | ||
 | USDCHF | H4 | |
| Resistance | 0.9592 | 0.9627 | 0.9650 |
| Support | 0.9534 | 0.9511 | 0.9476 |
| Primary Scenario | USDCHF is trading on the daily pivot point at 0.9569. Any forceful movement downwards will trigger the market to hit the support level at 0.9534 and then lower at 0.9511. | ||
| Alternative Scenario | A comeback of the market will lead the pair above the daily pivot, with immediate target the resistance at 0.9592. | ||
 | USDJPY | H4 | |
| Resistance | 110.63 | 111.06 | 111.72 |
| Support | 110.24 | 109.92 | 109.40 |
| Primary Scenario | The pair has reached a multi-year low in the previous session. If USDJPY manages to extend its downtrend, it will eliminate the support level at 110.24 and 109.92, targeting the forthcoming level at 109.40. | ||
| Alternative Scenario | Alternatively, a correction course of the pair will lead the exchange rate towards 110.63 and 111.06. RSI supports this outlook. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7610 | 0.7680 | 0.7731 |
| Support | 0.7490 | 0.7439 | 0.7370 |
| Primary Scenario | AUDUSD is negotiating on the daily pivot point (0.7560). A tumble of the market will pave the path down to 0.7490 and further down to 0.7439. | ||
| Alternative Scenario | A setback of the exchange rate will fuel the pair towards the resistance level at 0.7610. | ||
Article by ForexTime
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