GCMAsia - AUDUSD
AUDUSD
2018-03-20
| Resistance and Support | Level | Explanation |
| Resistance | 0.7740 | H4 |
| Support | 0.7690 | H4 |
AUDUSD, H4: AUDUSD remains in a consolidating phase following prior failure to close below the support level at 0.7690. MACD histogram which illustrate diminishing downward momentum suggests the pair to be traded higher in short-term as technical correction before extending its bearish bias thereafter.
Resistance level: 0.7740, 0.7780
Support level: 0.7690, 0.7635