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251018 AUDUSD

by | Oct 25, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-10-25
Resistance and Support Level Explanation
Resistance 0.7090 H1
Support 0.7055 H1

AUDUSD, H1: AUDUSD was traded higher following prior rebound from the support level at 0.7055. MACD which illustrate diminishing downward momentum suggests the pair to be traded higher in short-term as technical correction.

 

Resistance level: 0.7090, 0.7130

Support level: 0.7055, 0.7000