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210717 AUDUSD

by | Jul 21, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-07-21
Resistance and Support Level Explanation
Resistance 0.7985 H4
Support 0.7880 H4

AUDUSD, H4: AUDUSD extended its losses following prior retracement while currently testing at the support level of 0.7880. Recent closure below the 20-MA line (red) suggests AUDUSD to extend its downward momentum after closing below 0.7880.

 

Resistance level: 0.7985, 0.8080

Support level: 0.7880, 0.7815