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051017 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-10-05
Resistance and Support Level Explanation
Resistance 0.7895 H4
Support 0.7800 H4

AUDUSD, H4: AUDUSD was traded lower following prior closure below the 20-MA line (red). MACD histogram which begins to illustrate diminishing upward signal suggest the pair to extend its losses towards the target of support level at 0.7800.

 

Resistance level: 0.7895, 0.7950

Support level: 0.7800, 0.7755