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230518 AUDUSD

by | May 23, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-05-23
Resistance and Support Level Explanation
Resistance 0.7580 H4
Support 0.7555 H4

AUDUSD, H4: AUDUSD was traded lower following prior retracement and closure below the support level of 0.7580. MACD histogram which illustrate diminishing upward momentum may suggest the pair to extend its losses, towards the direction of support level at 0.7555.

 

Resistance level: 0.7580, 0.7630

Support level: 0.7555, 0.7505