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GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-10-06
Resistance and Support Level Explanation
Resistance 0.7800 Daily
Support 0.7755 Daily

AUDUSD, Daily: AUDUSD was traded lower following prior close below the psychological level of 0.7800. Both MA lines which has formed a death cross signal suggest further downside bias for the pair after successfully closing below the support level of 0.7755.

 

Resistance level: 0.7800, 0.7895

Support level: 0.7755, 0.7640