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180520 AUDUSD-Noon

by | May 18, 2020 | AUD/USD | 0 comments

GCMAsia-AUDUSD
AUDUSD
AUDUSD
2020-05-18

AUDUSD, H4: AUDUSD was traded higher following prior rebound from the support level 0.6390. MACD which illustrate diminishing bearish momentum with the starting formation of golden cross suggest the pair to extend its rebound in short term towards the resistance level 0.6470.

 

Resistance level: 0.6470, 0.6550

Support level: 0.6390, 0.6290