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070917 AUDUSD

by | Sep 7, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-09-07
Resistance and Support Level Explanation
Resistance 0.8025 H1
Support 0.7975 H1

AUDUSD, H1: AUDUSD was traded in range between resistance level at 0.8025 and support level at 0.7975. Formation of bearish engulfing candlestick and hidden negative divergence as shown by MACD histogram suggest the pair to trade lower towards support level at 0.7975.

Resistance level: 0.8025, 0.8040

Support level: 0.7975, 0.7945