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260717 AUDUSD

by | Jul 26, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-07-26
Resistance and Support Level Explanation
Resistance 0.7915 H4
Support 0.7875 H4

AUDUSD, H4: AUDUSD remains traded within a sideways channel following prior retracement from the strong resistance level of 0.7960. Recent closure below the 20-MA line (red) suggests AUDUSD to extend its losses towards the support level of 0.7875.

 

Resistance level: 0.7915, 0.7960, 0.8000

Support level: 0.7875, 0.7830