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050517 AUDUSD

by | May 5, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-05-05
Resistance and Support Level Explanation
Resistance 0.7430 Daily
Support 0.7385 Daily

AUDUSD, Daily: AUDUSD were traded lower following prior retracement from the downward trend line while currently testing at the support level of 0.7385. A successful closure below this level would suggest AUDUSD to extend its current downtrend.

 

Resistance level: 0.7430, 0.7520

Support level: 0.7385, 0.7285