GCMAsia - AUDUSD
AUDUSD
2017-10-03
| Resistance and Support | Level | Explanation |
| Resistance | 0.7895 | H4 |
| Support | 0.7800 | H4 |
AUDUSD, H4: AUDUSD was traded lower following prior retracement while currently testing at the psychological level of 0.7800. A successful closure below this level would suggest further downside bias, in tandem with the downward expansion of both MA lines. Subsequent target will be at 0.7755.
Resistance level: 0.7895, 0.7950
Support level: 0.7800, 0.7755