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050121 AUDUSD

by | Jan 5, 2021 | AUD/USD | 0 comments

GCMAsia-AUDUSD
AUDUSD
AUDUSD
2021-01-05

AUDUSD, Weekly: AUDUSD was traded higher following prior breakout above the previous resistance level at 0.7570. However, MACD which illustrated diminishing bullish momentum suggest the pair to be traded lower in short-term as technical correction.

 

Resistance level: 0.7860, 0.8135

Support level: 0.7570, 0.7130