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020119 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2019-01-02
Resistance and Support Level Explanation
Resistance 0.7035 H4
Support 0.7000 H4

AUDUSD, H4: AUDUSD was traded lower while currently testing near the support level 0.7000. MACD which display diminished bullish momentum and the starting formation of death cross suggest the pair to extend its losses after successfully closing its candle below the support level.

 

Resistance level: 0.7035, 0.7070

Support level: 0.7000, 0.6970