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040817 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-08-04
Resistance and Support Level Explanation
Resistance 0.8030 H4
Support 0.7950 H4

AUDUSD, H4: AUDUSD remains traded within a narrowing triangle following prior rebound from the bottom level. Recent closure above the 20-MA line (red) suggests further upside bias for AUDUSD to extend towards the upper level of the triangle.

 

Resistance level: 0.8030, 0.8100

Support level: 0.7950, 0.7880