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210119 AUDUSD

by | Jan 21, 2019 | AUD/USD | 0 comments

GCMAsia - AUDUSD
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 bearish bias momentum suggset the pair to extend its losses after successfully breaking below the bottom-level of the sideway channel.

Resistance level: 0.7220, 0.7290

Support level: 0.7170, 0.7100