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040119 AUDUSD-Noon

by | Jan 4, 2019 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2019-01-04
Resistance and Support Level Explanation
Resistance 0.7070 H4
Support 0.7005 H4

AUDUSD, H4: AUDUSD was traded higher following prior breakout above previous resistance level at 0.7005. MACD which illustrate bullish momentum and the formation of golden cross suggest the pair to extend its gains towards the resistance level 0.7070.

 

Resistance level: 0.7070, 0.7140

Support level: 0.7005, 0.6950