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200717 AUDUSD

by | Jul 20, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-07-20
Resistance and Support Level Explanation
Resistance 0.7990 H4
Support 0.7880 H4

AUDUSD, H4: AUDUSD halts its uptrend following prior retracement from the previous high at 0.7990. MACD histogram which illustrates substantial downward signal suggests AUDUSD to extend its downward momentum towards the target at 0.7880.

 

Resistance level: 0.7990, 0.8080

Support level: 0.7880, 0.7815