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110521 AUDUSD-Noon

by | May 11, 2021 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2021-05-11

AUDUSD, H4: AUDUSD was traded lower following recent retracement from the resistance level 0.7860. MACD which illustrate bearish bias signal with the starting formation of death cross suggest the pair to extend its retracement towards the support level 0.7805.

 

Resistance level: 0.7860, 0.7925

Support level: 0.7805, 0.7760