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201017 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-10-20
Resistance and Support Level Explanation
Resistance 0.7895 H4
Support 0.7850 H4

AUDUSD, H4: AUDUSD was traded lower following prior retrace before the resistance level near 0.7895. MACD histogram which shows diminishing upward momentum suggests AUDUSD to be traded lower in short-term as technical correction towards the support level of 0.7850.

 

Resistance level: 0.7895, 0.7945

Support level: 0.7850, 0.7800