GCMAsia - AUDUSD
AUDUSD
2017-06-05
| Resistance and Support | Level | Explanation |
| Resistance | 0.7450 | Daily |
| Support | 0.7385 | Daily |
AUDUSD, Daily: AUDUSD remained traded within a narrowing triangle following prior rebound from the bottom level. A closure above the resistance level of 0.7450 would suggest AUDUSD to move further up and test near the top level of the triangle. Long-term trend direction could only be determined after a successful breakout from either side of the triangle.
Resistance level: 0.7450, 0.7520
Support level: 0.7385, 0.7285