83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

020119 AUDUSD-Noon

by | Jan 2, 2019 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2019-01-02
Resistance and Support Level Explanation
Resistance 0.7030 H4
Support 0.6975 H4

AUDUSD, H4: AUDUSD was traded lower following prior breakout below the previos support level 0.7030. MACD which illustrate bearish bias signal with the formation of death cross suggest the pair to extend its losses towards the support level 0.6975.

 

Resistance level: 0.7030, 0.7070

Support level: 0.6975, 0.6910