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GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-07-13
Resistance and Support Level Explanation
Resistance 0.7700 Daily
Support 0.7655 Daily

AUDUSD, Daily: AUDUSD was traded higher following prior rebound from the support level of 0.7585 while currently testing near the strong resistance level of 0.7700. Both MA lines which continues to expand upwards suggest AUDUSD to extend its upward momentum after closing above the level of 0.7700.

 

Resistance level: 0.7700, 0.7750

Support level: 0.7655, 0.7585