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210518 AUDUSD

by | May 21, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-05-21
Resistance and Support Level Explanation
Resistance 0.7550 H4
Support 0.7470 H4

AUDUSD, H4: AUDUSD was traded higher prior breaking resistance level at 0.7470. However, absence of significant signal from both candlestick pattern formation and MACD would suggest to wait for confirmation breakout to grasp a clear picture regarding the direction of the pair in short-term.

Resistance level: 0.7550, 0.7590

Support level: 0.7470, 0.7420