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050419 AUDUSD

by | Apr 5, 2019 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2019-04-05

AUDUSD, H4: AUDUSD remain traded in a sideway channel while currently testing near the resistance level 0.7120. However, MACD which illustrate diminishing bullish momentum with the formation of death cross suggest the pair to be traded lower as a technical correction in short-term towards the support level 0.7070.

 

Resistance level: 0.7120, 0.7155

Support level: 0.7070, 0.7045