GCMAsia - AUDUSD
AUDUSD
2018-05-03
| Resistance and Support | Level | Explanation |
| Resistance | 0.7635 | Weekly |
| Support | 0.7485 | Weekly |
AUDUSD, Weekly: AUDUSD was traded lower following prior retracement while forming a double top formation with strong resistance at 0.8115. MACD histogram which illustrate downward signal and momentum suggests bearish bias. However, a breakout from the neckline of 0.7485 is required to attain further confirmation of such bias.
Resistance level: 0.7635, 0.7820
Support level: 0.7485, 0.7335