GCMAsia - AUDUSD
AUDUSD
2018-05-16
| Resistance and Support | Level | Explanation |
| Resistance | 0.7475 | H1 |
| Support | 0.7440 | H1 |
AUDUSD, H1: AUDUSD was traded higher following prior rebound before the support level at 0.7440. MACD histogram which has formed a golden cross signal may suggest the pair to extend its gains in short-term as technical correction albeit overall major trend is still skew towards bearish.
Resistance level: 0.7475, 0.7505
Support level: 0.7440, 0.7380