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040518 AUDUSD

by | May 4, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-05-04
Resistance and Support Level Explanation
Resistance 0.7555 H1
Support 0.7525 H1

AUDUSD, H1: AUDUSD remains traded within a rising wedge following prior rebound from the bottom level. Recent formation of golden cross signal from the MACD histogram suggests the pair to extend its gains in short-term, towards the top level of the formation.

 

Resistance level: 0.7555, 0.7580

Support level: 0.7525, 0.7500