GCMAsia - AUDUSD
AUDUSD
2017-06-02
| Resistance and Support | Level | Explanation |
| Resistance | 0.7415 | H4 |
| Support | 0.7380 | H4 |
AUDUSD, H4: AUDUSD has rebounded slightly following prior slump due to a breakout from the bottom level of narrowing triangle. However, as both MA lines continue to expand downwards after the formation of death cross, a closure below the support level of 0.7380 would suggest AUDUSD to extend its downward momentum.
Resistance level: 0.7415, 0.7440
Support level: 0.7380, 0.7355