GCMAsia - AUDUSD
AUDUSD
2017-10-17
| Resistance and Support | Level | Explanation |
| Resistance | 0.7850 | H4 |
| Support | 0.7800 | H4 |
AUDUSD, H4: AUDUSD was traded lower following a retrace from the resistance level of 0.7895 while simultaneously closing below the 20-MA line (red) and support level of 0.7850. MACD histogram which begins to form a death cross signal suggest the pair to extend its losses towards the next target at 0.7800.
Resistance level: 0.7850, 0.7895
Support level: 0.7800, 0.7755