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011018 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-10-01
Resistance and Support Level Explanation
Resistance 0.7230 H1
Support 0.7200 H1

AUDUSD, H1: AUDUSD was traded lower following prior retrace from the downward trendline. MACD which begins to form a death cross signal suggests the pair to extend its losses after closing below the 20-MA line (red).

 

Resistance level: 0.7230, 0.7240

Support level: 0.7200, 0.7175