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200718 AUDUSD

by | Jul 20, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-07-20
Resistance and Support Level Explanation
Resistance 0.7350 H4
Support 0.7320 H4

AUDUSD, H4: AUDUSD was traded lower following a breakout below the support line 0.7320 and currently retest the support level 0.7320.  MACD which illustrate ongoing bearish momentum suggest the pair may extend its losses after it break below the support level 0.7320.

 

Resistance level: 0.7350, 0.7390

Support level: 0.7320, 0.7270