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161017 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-10-16
Resistance and Support Level Explanation
Resistance 0.7935 H4
Support 0.7875 H4

AUDUSD, H4: AUDUSD was traded higher after breaking resistance level at 0.7875. However, formation of pin bar and downward slope of MACD signal line indicate the pair to trade lower if breakout below support level at 0.7875 is successful.

Resistance level: 0.7935, 0.7975

Support level: 0.7875, 0.7855