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010817 AUDUSD

by | Aug 1, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-08-01
Resistance and Support Level Explanation
Resistance 0.8030 H4
Support 0.7950 H4

AUDUSD, H4: AUDUSD was traded higher following prior rebound from the 20-MA line (red). However, as the Stochastic Oscillator begins to form a retracement signal from the overbought region suggests AUDUSD to be traded lower in short-term and head towards the target at 0.7950.

 

Resistance level: 0.8030, 0.8100

Support level: 0.7950, 0.7880