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020817 AUDUSD

by | Aug 2, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-08-02
Resistance and Support Level Explanation
Resistance 0.8030 H4
Support 0.7950 H4

AUDUSD, H4: AUDUSD were traded lower following prior retracement from the resistance level of 0.8030. MACD histogram which illustrate downward signal suggests AUDUSD to extend its downside bias after successfully closing below the support level of 0.7950.

 

Resistance level: 0.8030, 0.8100

Support level: 0.7950, 0.7880