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160517 AUDUSD

by | May 16, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-05-16
Resistance and Support Level Explanation
Resistance 0.7445 H4
Support 0.7400 H4

AUDUSD, H4: AUDUSD was traded lower following prior retracement from the resistance level of 0.7445. As the upward signal line from MACD histogram begins to narrow downwards, a closure below the support level of 0.7400 would suggest AUDUSD to extend its losses.

 

Resistance level: 0.7445, 0.7490

Support level: 0.7400, 0.7350