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180517 AUDUSD

by | May 18, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-05-18
Resistance and Support Level Explanation
Resistance 0.7465 H4
Support 0.7435 H4

AUDUSD, H4: AUDUSD extended its gains following prior closure above the strong resistance level of 0.7435. While MACD histogram continues to illustrate upward signal and momentum, a closure above the resistance level of 0.7465 would suggest an extension of uptrend for AUDUSD.

 

Resistance level: 0.7465, 0.7500

Support level: 0.7435, 0.7395