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GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-03-05
Resistance and Support Level Explanation
Resistance 0.7810 Daily
Support 0.7740 Daily

AUDUSD, Daily: AUDUSD was traded higher after rebound from support level at 0.7740. Formation of pin bar candlestick and MACD histogram that displays diminishing bearish momentum would suggest the pair to undergo short-term technical correction to trade higher towards resistance level at 0.7810.

Resistance level: 0.7810, 0.7880

Support level: 0.7740, 0.7630