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070717 AUDUSD

by | Jul 7, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-07-07
Resistance and Support Level Explanation
Resistance 0.7620 H4
Support 0.7580 H4

AUDUSD, H4: AUDUSD remained traded within a narrowing triangle following a rebound from the bottom level. A closure above the 20-moving average line (red) would suggest AUDUSD to extend its upward momentum towards the resistance level of 0.7620.

 

Resistance level: 0.7620, 0.7650

Support level: 0.7580, 0.7535