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120521 AUDUSD-Noon

by | May 12, 2021 | AUD/USD | 0 comments

GCMAsia-AUDUSD
AUDUSD
AUDUSD
2021-05-12

AUDUSD, H4: AUDUSD was traded lower following recent breakout below the previous support level 0.7805. MACD which illustrate bearish momentum signal with recent formation of death cross suggest the pair to extend its losses toward the support level 0.7760.

 

Resistance level: 0.7805, 0.7860

Support level: 0.7760, 0.7700