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010219 AUDUSD

by | Feb 1, 2019 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2019-02-01
Resistance and Support Level Explanation
Resistance 0.7290 H4
Support 0.7225 H4

AUDUSD, H4: AUDUSD was traded lower following prior retracement from the resistance level 0.7290. MACD which display diminishing bullish momentum suggest the pair to extend its retracement towards the support level 0.7225.

 

Resistance level: 0.7290, 0.7335

Support level: 0.7225, 0.7155