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090517 AUDUSD

by | May 9, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-05-09
Resistance and Support Level Explanation
Resistance 0.7425 H4
Support 0.7330 H4

AUDUSD, H4: AUDUSD was traded lower following previous retracement from the 20-moving average line (red). As both MA lines continue to expand downwards after the formation of death cross, AUDUSD is expected to advance further down, towards the target of support level at 0.7330.

 

Resistance level: 0.7425, 0.7490

Support level: 0.7330, 0.7265