83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-09-12
Resistance and Support Level Explanation
Resistance 0.7115 H1
Support 0.7095 H1

AUDUSD, H1: AUDUSD was recently traded higher following prior rebound from the support level 0.7095. Recent price action and MACD which illustrate a starting bullish momentum and the formation of a golden cross suggest the pair to extend its rebound towards the resistance level 0.7115.

 

Resistance level: 0.7115, 0.7140

Support level: 0.7095, 0.7060