GCMAsia - AUDUSD
AUDUSD
2018-02-28
| Resistance and Support | Level | Explanation |
| Resistance | 0.7815 | H4 |
| Support | 0.7780 | H4 |
AUDUSD, H4: AUDUSD remains traded within a descending triangle while currently testing at the strong support level of 0.7780. MACD histogram begins to illustrate death cross signal which suggests further bearish bias. However, a break below the strong support of 0.7780 is required to gain further validation.
Resistance level: 0.7815, 0.7890
Support level: 0.7780, 0.7740