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260718 AUDUSD

by | Jul 26, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-07-26
Resistance and Support Level Explanation
Resistance 0.7480 H1
Support 0.7430 H1

AUDUSD, H1: AUDUSD was traded higher following prior breakout from the top of ascending triangle and resistance level 0.74300. MACD which display diminishing bullish bias suggest the pair may experience a short term technical correction to the support level 0.74300 before resume its major trend.

 

Resistance level: 0.7480, 0.7530

Support level: 0.7430, 0.7390