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170818 AUDUSD

by | Aug 17, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-08-17
Resistance and Support Level Explanation
Resistance 0.7290 H1
Support 0.7255 H1

AUDUSD, H1: AUDUSD was traded higher following prior rebound from the support level 0.7255. Recent price action and MACD which illustrate starting formation of bullish momentum suggest the pair to extend its gains towards the resistance level 0.7290.

 

Resistance level: 0.7290, 0.7320

Support level: 0.7255, 0.7230