GCMAsia - AUDUSD
AUDUSD
2019-01-21
| Resistance and Support | Level | Explanation |
| Resistance | 0.7220 | H4 |
| Support | 0.7170 | H4 |
AUDUSD, H4: AUDUSD remained traded in a sideway channel while currently testing the bottom-level of the channel at 0.7170. MACD which display diminishing bearish momentum suggest the pair to undergo short-term technical correction and rebound from the bottom-level of the channel.
Resistance level: 0.7220, 0.7290
Support level: 0.7170, 0.7100