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GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-12-07
Resistance and Support Level Explanation
Resistance 0.7260 H4
Support 0.7220 H4

AUDUSD, H4: AUDUSD was traded lower while currently testing the support level 0.7220. MACD which illustrate diminishing bullish momentum suggest the pair to extend its losses after a breakout below the support level.

 

Resistance level: 0.7260, 0.7290

Support level: 0.7220, 0.7185