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070918 AUDUSD

by | Sep 7, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-09-07
Resistance and Support Level Explanation
Resistance 0.7165 H1
Support 0.7140 H1

AUDUSD, H1: AUDUSD was recently traded lower following prior breakthrough below the previous support level 0.7165. Recent price action and MACD which illustrate a bearish momentum suggest the pair to extend its losses towards the support level 0.7140

 

Resistance level: 0.7165, 0.7230

Support level: 0.7140, 0.7110