GCMAsia - AUDUSD
AUDUSD
2017-04-04
| Resistance and Support | Level | Explanation |
| Resistance | 0.7620 | H4 |
| Support | 0.7590 | H4 |
AUDUSD, H4: AUDUSD was traded higher following a rebound from the strong support level of 0.7590. Referring to the downward signal line from MACD histogram which begins to narrow sideways, AUDUSD may be traded higher in the short-term as technical correction. Otherwise, the downward expansion of both MA lines suggests AUDUSD to extend its downward momentum.
Resistance level: 0.7620, 0.7650
Support level: 0.7590, 0.7545