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100517 AUDUSD

by | May 10, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-05-10
Resistance and Support Level Explanation
Resistance 0.7380 H4
Support 0.7330 H4

AUDUSD, H4: AUDUSD was traded higher following prior rebound from the support level of 0.7330. Recent rebound suggests AUDUSD to be traded higher in short-term towards the target of resistance level at 0.7380. Downward expansion of both MA lines suggests AUDUSD to be traded lower in long-term.

 

Resistance level: 0.7380, 0.7430

Support level: 0.7330, 0.7280