GCMAsia - AUDUSD
AUDUSD
2017-07-03
| Resistance and Support | Level | Explanation |
| Resistance | 0.7700 | Daily |
| Support | 0.7640 | Daily |
AUDUSD, Daily: AUDUSD were traded lower following prior retracement from the strong resistance level at 0.7700. MACD histogram which illustrate diminishing upward momentum suggests AUDUSD to be traded lower in short-term as technical correction. Otherwise, long-term trend direction still suggests a continuation of uptrend.
Resistance level: 0.7700, 0.7750
Support level: 0.7640, 0.7580