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051018 AUDUSD

by | Oct 5, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-10-05
Resistance and Support Level Explanation
Resistance 0.7090 H4
Support 0.7025 H4

AUDUSD, H4: AUDUSD was traded in a downtrend following prior breakout from the support level of 0.7200. MACD which continues to illustrate bearish signal suggests the pair to extend its losses, towards the direction of 0.7025.

 

Resistance level: 0.7090, 0.7130

Support level: 0.7025, 0.6960