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110417 AUDUSD

by | Apr 11, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-04-11
Resistance and Support Level Explanation
Resistance 0.7525 H1
Support 0.490 H1

AUDUSD, H1: AUDUSD remains pressured following prior retracement from the 60-moving average line (green) while recently closing below the 20-moving average line (red). As the upward signal from MACD histogram begins to narrow sideways, AUDUSD is expected to move further downwards after closing below the support level of 0.7490.

 

Resistance level: 0.7525, 0.7555

Support level: 0.7490, 0.7455