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150818 AUDUSD

by | Aug 15, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-08-15
Resistance and Support Level Explanation
Resistance 0.7230 H1
Support 0.7200 H1

AUDUSD, H1: AUDUSD was traded higher following prior rebound from the support level 0.7200. Although recent price action and MACD which display starting signs of bullish momentum, a breakout above the resistance level 0.7230 is required to attain further confirmation.

 

Resistance level: 0.7230, 0.7260

Support level: 0.7200, 0.7160