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310518 AUDUSD

by | May 31, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-05-31
Resistance and Support Level Explanation
Resistance 07570 H1
Support 0.7540 H1

AUDUSD, H1: AUDUSD was traded lower following prior retracement from the minor resistance at 0.7580. MACD histogram which begins to form a death cross signal suggests the pair to extend its losses after successfully closing below the 20-MA line (red).

 

Resistance level: 0.7570, 0.7580

Support level: 0.7540, 0.7515