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020318 AUDUSD

by | Mar 2, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-03-02
Resistance and Support Level Explanation
Resistance 0.7780 H4
Support 0.7740 H4

AUDUSD, H4: AUDUSD remains traded within a descending channel following prior rebound from the bottom level. MACD histogram which illustrate diminishing downward momentum suggests the pair to extend its gains in short-term after closing above the resistance level of 0.7780.

 

Resistance level: 0.7780, 0.7815

Support level: 0.7740, 0.7690