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061120 AUDUSD

by | Nov 6, 2020 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2020-11-06

AUDUSD, H4: AUDUSD was traded higher following recent breakout above the previous resistance level 0.7340. However, MACD which illustrate diminishing bullish momentum signal suggest the pair to experience a short term technical correction towards the support level 0.7200.

 

Resistance level: 0.7340, 0.7410

Support level: 0.7200, 0.7105