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091117 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-11-09
Resistance and Support Level Explanation
Resistance 0.7700 H4
Support 0.7640 H4

AUDUSD, H4: AUDUSD was traded lower following prior retrace from the downward trend line while currently testing at the 20-MA line (red). A closure below the line would suggest a change to bearish bias and would suggest the pair to extend its losses towards first target at 0.7640.

 

Resistance level: 0.7700, 0.7755

Support level: 0.7640, 0.7585