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021117 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-11-02
Resistance and Support Level Explanation
Resistance 0.7700 H4
Support 0.7640 H4

AUDUSD, H4: AUDUSD remains traded within an ascending triangle while recently rebounded from the bottom level. 20-MA line (red) which continues to skew upwards suggest further upside bias and a break on the strong resistance at 0.7700 would further validate the bullish bias.

 

Resistance level: 0.7700, 0.7755

Support level: 0.7640, 0.7585