GCMAsia - AUDUSD
AUDUSD
2017-04-21
| Resistance and Support | Level | Explanation |
| Resistance | 0.7550 | H4 |
| Support | 0.7520 | H4 |
AUDUSD, H4: AUDUSD remains traded within a narrowing triangle following prior rebound from the lower level of the triangle. A closure above the 60-moving average line (green) would suggests AUDUSD to be traded higher, towards the target of resistance level at 0.7550 in the short-term. Long-term trend direction could only be determined after a successful breakout from either side of the triangle.
Resistance level: 0.7550, 0.7580
Support level: 0.7520, 0.7470