GCMAsia - AUDUSD
AUDUSD
2017-10-13
| Resistance and Support | Level | Explanation |
| Resistance | 0.7845 | H4 |
| Support | 0.7800 | H4 |
AUDUSD, H4: AUDUSD was traded higher following prior rebound from the 60-MA line (green) while currently testing at the downward trend line. Both moving average line which continues to narrow upwards suggests further upside bias. Thus, a breakout from the trendline would initiate an extension to its bullish momentum.
Resistance level: 0.7845, 0.7895
Support level: 0.7800, 0.7755