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160119 AUDUSD

by | Jan 16, 2019 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2019-01-16
Resistance and Support Level Explanation
Resistance 0.7220 H1
Support 0.7180 H1

AUDUSD, H1: AUDUSD was traded lower following prior retracement from the top level of descending triangle. MACD which begins to form a bearish signal suggests the pair to extend its losses, towards the direction of 0.7180.

Resistance level: 0.7220, 0.7255

Support level: 0.7180, 0.7145