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120520 AUDUSD-Noon

by | May 12, 2020 | AUD/USD | 0 comments

GCMAsia-AUDUSD
AUDUSD
AUDUSD
2020-05-12

AUDUSD, H4: AUDUSD was traded lower following prior retracement from the resistance level 0.6560. MACD which illustrate bearish bias signal with the formation of death cross suggest the pair to extend its losses towards the support level 0.6390.

 

Resistance level: 0.6560, 0.6685

Support level: 0.6390, 0.6265