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010318 AUDUSD

by | Mar 1, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-03-01
Resistance and Support Level Explanation
Resistance 0.7780 H4
Support 0.7740 H4

AUDUSD, H4: AUDUSD extended its losses following prior breakout from the bottom level of descending triangle. MACD histogram which continues to illustrate bearish bias suggests the pair to move further down after closing below the support level at 0.7740.

 

Resistance level: 0.7780, 0.7815

Support level: 0.7740, 0.7690