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040718 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-07-04
Resistance and Support Level Explanation
Resistance 0.7400 H4
Support 0.7360 H4

AUDUSD, H4: AUDUSD remains traded within a descending wedge while currently testing at the top level. Both MA line and MACD histogram which illustrate bullish bias suggests the pair to extend its gains after breaking the top level of the wedge and resistance at 0.7400.

 

Resistance level: 0.7400, 0.7440

Support level: 0.7360, 0.7325