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GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-10-02
Resistance and Support Level Explanation
Resistance 0.7895 Daily
Support 0.7755 Daily

AUDUSD, Daily: AUDUSD extended its losses following prior closure below the strong support level of 0.7895. Both MA line which may form a death cross while consistent downward signal from MACD histogram suggests the pair to advance further down, towards the target of support level at 0.7755.

 

Resistance level: 0.7895, 0.8015

Support level: 0.7755, 0.7640