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201118 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-11-20
Resistance and Support Level Explanation
Resistance 0.7315 H4
Support 0.7290 H4

AUDUSD, H4: AUDUSD was traded lower while currently testing near the support level 0.7290. MACD which display bearish bias and the formation of death cross suggest the pair to extend its losses after a breakout below the support level.

 

Resistance level: 0.7315, 0.7340

Support level: 0.7290, 0.7265