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201218 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-12-20
Resistance and Support Level Explanation
Resistance 0.7170 H4
Support 0.7105 H4

AUDUSD, H4: AUDUSD was traded lower following prior breakout from the support level at 0.7170. MACD which forms a bearish signal suggests the pair to extend its losses after closing below the target near 0.7105.

Resistance level: 0.7170, 0.7220

Support level: 0.7105, 0.7060