GCMAsia - AUDUSD
AUDUSD
2017-04-05
| Resistance and Support | Level | Explanation |
| Resistance | 0.7590 | H4 |
| Support | 0.7545 | H4 |
AUDUSD, H4: AUDUSD was traded higher following a successful rebound from the support level of 0.7545. Recent rebound suggests AUDUSD to experience brief technical correction and may be traded higher in the short-term. Otherwise, long-term trend direction still suggests AUDUSD to be traded lower due to downward expansion of both MA lines.
Resistance level: 0.7590, 0.7620
Support level: 0.7545, 0.7490