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160318 AUDUSD

by | Mar 16, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-03-16
Resistance and Support Level Explanation
Resistance 0.7810 H1
Support 0.7770 H1

AUDUSD, H1: AUDUSD was traded higher prior rebound from support level at 0.7770.  Formation of pin bar candlestick and MACD histogram that portrays diminishing bearish momentum would suggest the pair to undergo short-term technical correction to trade higher before continuing its bearish bias.

Resistance level: 0.7810, 0.7850

Support level: 0.7770, 0.7740