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251017 AUDUSD

by | Oct 25, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-10-25
Resistance and Support Level Explanation
Resistance 0.7755 H1
Support 0.7700 H1

AUDUSD, H1: AUDUSD plunged sharply while closing below the support level of 0.7750. Such price action while coupled with the expansion of both MA line after the formation of death cross suggests ongoing bearish bias towards the support level at 0.7700.

 

Resistance level: 0.7755, 0.7800

Support level: 0.7700, 0.7640