GCMAsia - AUDUSD

AUDUSD
2017-09-15
| Resistance and Support | Level | Explanation |
| Resistance | 0.8040 | H4 |
| Support | 0.7970 | H4 |

AUDUSD, H4: AUDUSD was traded higher following prior rebound near the support level of 0.7970. MACD histogram which shows diminishing downward signal suggests AUDUSD to extend further upwards after closing above the 20-MA line (red).
Resistance level: 0.8040, 0.8125
Support level: 0.7970, 0.7895