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040517 AUDUSD

by | May 4, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-05-04
Resistance and Support Level Explanation
Resistance 0.7450 Daily
Support 0.7385 Daily

AUDUSD, Daily: AUDUSD was traded lower following prior retracement from the downtrend line, while closing below the 50.0 fibonacci level recently. It is expected to advance further downwards towards the target of support level at 0.7385.

 

Resistance level: 0.7450, 0.7520

Support level: 0.7385, 0.7285