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301018 AUDUSD

by | Oct 30, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-10-30
Resistance and Support Level Explanation
Resistance 0.7100 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 extend its gains in short-term after closing above the 20-MA line (red).

 

Resistance level: 0.7100, 0.7130

Support level: 0.7055, 0.7025