GCMAsia - AUDUSD

AUDUSD
2018-12-18
| Resistance and Support | Level | Explanation |
| Resistance | 0.7220 | H4 |
| Support | 0.7170 | H4 |

AUDUSD, H4: AUDUSD was traded higher following prior rebound from the support level of 0.7170. MACD which has formed a positive divergence signal suggests the pair to extend its gains in short-term after closing above the 20-MA line (red).
Resistance level: 0.7220, 0.7265
Support level: 0.7170, 0.7105