83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

110718 AUDUSD

by | Jul 11, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-07-11
Resistance and support Level Explanation
Resistance 0.7440 H1
Support 0.7410 H1

AUDUSD, H1: AUDUSD was traded higher following prior rebound from the trend line and support level of 0.7410. Both indicators MACD and RSI which illustrate a diminishing bearish momentum added with formation of bullish engulfing pattern on candlestick suggest the pair could extend its gains towards the next resistance level 0.7440.

 

Resistance level: 0.7440, 0.7470

Support level: 0.7410, 0.7370