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020718 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-07-02
Resistance and Support Level Explanation
Resistance 0.7400 H1
Support 0.7360 H1

AUDUSD, H1:  AUDUSD was traded lower following prior retrace from the resistance level at 0.7400. MACD histogram which has formed a death cross signal suggest the pair to extend its losses after closing below the 20-MA line (red).

 

Resistance level: 0.7400, 0.7440

Support level: 0.7360, 0.7325