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160719 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2019-07-16

AUDUSD, H4: AUDUSD was traded higher while currently testing the resistance level 0.7040. However, MACD which display diminishing bullish momentum suggest the pair to retrace towards the support level 0.7000 as a short-term technical correction.

 

Resistance level: 0.7040, 0.7090
Support level: 0.7000, 0.6965