GCMAsia - AUDUSD
AUDUSD
2017-10-10
| Resistance and Support | Level | Explanation |
| Resistance | 0.7800 | H4 |
| Support | 0.7755 | H4 |
AUDUSD, H4: AUDUSD was traded higher following a larger buying support near the support level of 0.7755. A close above the 20-MA line (red) would suggest the pair to extend further up, towards the resistance level of 0.7800. However, a break above the downward trend line is required to extend its upward momentum thereafter.
Resistance level: 0.7800, 0.7895
Support level: 0.7755, 0.7640