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GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-08-16
Resistance and Support Level Explanation
Resistance 0.7890 H4
Support 0.7780 H4

AUDUSD, H4: AUDUSD was traded lower after breaking support level at 0.7890. Currently AUDUSD was testing 200-MA. Upward slope of MACD histogram suggests AUDUSD to gain its momentum to move higher, testing resistance level at 0.7890.

Resistance level: 0.7890, 0.8065

Support level: 0.7780, 0.7695