GCMAsia - AUDUSD
AUDUSD
2020-11-09
AUDUSD, H4: AUDUSD was traded flat after recent breakout above the previous resistance level 0.7200. However, MACD which illustrate diminishing bullish momentum signal with the starting formation of death cross suggest the pair to be traded lower in short term towards the support level 0.7200.
Resistance level: 0.7340, 0.7410
Support level: 0.7200, 0.7105