May 18, 2016
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1338 | 1.1366 | 1.1385 |
| Support | 1.1291 | 1.1273 | 1.1245 |
| Primary Scenario | EURUSD has violated the key support level at 1.1291. Further drop of the market will push prices down to 1.1273 and even lower at 1.1245. | ||
| Alternative Scenario | An upward wave above the daily pivot (1.1319) will lift the exchange rate towards 1.1338. | ||
 | GBPUSD | H4 | |
| Resistance | 1.4523 | 1.4587 | 1.4651 |
| Support | 1.4395 | 1.4331 | 1.4267 |
| Primary Scenario | The pair is oscillating around the daily pivot point at 1.4459. A decisive movement to the south will most likely lead GBPUSD towards the support level at 1.4395 and further down to 1.4331. | ||
| Alternative Scenario | On the other hand, a successful attempt to penetrate the daily pivot will fuel the pair to retest the hurdle at 1.4523. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9824 | 0.9844 | 0.9881 |
| Support | 0.9766 | 0.9730 | 0.9709 |
| Primary Scenario | USDCHF surged above the hurdle at 0.9824 in today’s session. Should the pair manage to extend its momentum, it will target the forthcoming resistance levels at 0.9844 and 0.9880. | ||
| Alternative Scenario | A plunge of the currency pair below the daily pivot will pave the path down to 0.9766. RSI oscillator supports this outlook. | ||
 | USDJPY | H4 | |
| Resistance | 109.21 | 109.63 | 110.18 |
| Support | 108.71 | 108.34 | 107.90 |
| Primary Scenario | The USDJPY pair is now poised to surpass the barrier at 109.21. If that happens, the next resistance is estimated at 109.63 and then higher at 110.18. | ||
| Alternative Scenario | Alternatively, a tumble of the market will push the market to violate the support at 108.71, with immediate target the upper level of the cloud at 108.34. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7365 | 0.7407 | 0.7449 |
| Support | 0.7281 | 0.7239 | 0.7197 |
| Primary Scenario | AUDUSD is now testing the support at 0.7281. A break back below this level will open the way down to 0.7239 and even lower at 0.7197. | ||
| Alternative Scenario | A higher thrust of the market will trigger the pair to retest the daily pivot (0.7323) and further up to 0.7365. | ||
Article by ForexTime
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