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GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-08-14
Resistance and Support Level Explanation
Resistance 0.8000 Daily
Support 0.7900 Daily

AUDUSD, Daily: AUDUSD was traded higher following recent rebound while simultaneously closing above the threshold of 0.7900. Diminishing downward momentum from MACD histogram suggests AUDUSD to extend its upward momentum after a successful closure above the 20-MA line (red).

 

Resistance level: 0.8000, 0.8080

Support level: 0.7900, 0.7785