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GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-04-12
Resistance and Support Level Explanation
Resistance 0.7775 H4
Support 0.7745 H4

AUDUSD, H4: AUDUSD was traded higher following prior rebound from the support level at 0.7745. Both MA lines which continues to expand upwards suggests further bullish bias. However, a close above the strong resistance at 0.7775 is required to attain further confirmation.

 

Resistance level: 0.7775, 0.7805

Support level: 0.7745, 0.7725