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161018 AUDUSD

by | Oct 16, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-10-16
Resistance and Support Level Explanation
Resistance 0.7150 H1
Support 0.7130 H1

AUDUSD, H1: AUDUSD remains traded within an ascending wedge while currently testing near the mid-level. MACD which begins to form a death cross signal suggests the pair to be traded lower in short-term as technical correction.

 

Resistance level: 0.7150, 0.7200

Support level: 0.7130, 0.7090