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GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-09-29
Resistance and Support Level Explanation
Resistance 0.7895 Daily
Support 0.7755 Daily

AUDUSD, Daily: AUDUSD has recently broke out from the bottom level of upward channel, signifying a change in trend direction to move further downwards. Both signal line from MACD histogram which continues to expand further down suggests the pair to extend its losses towards the support level of 0.7755.

 

Resistance level: 0.7895, 0.8015

Support level: 0.7755, 0.7640