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050619 AUDUSD

by | Jun 5, 2019 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2019-06-05

AUDUSD, H4: AUDUSD was traded higher following prior breakout previous resistance level 0.6970. However, MACD which display diminishing bullish momentum suggest the pair to undergo short-term technical correction and retrace back towards the support level 0.6970.

 

Resistance level: 0.7030, 0.7070

Support level: 0.6970, 0.6930