GCMAsia - AUDUSD
AUDUSD
2017-03-22
| Resistance and Support | Level | Explanation |
| Resistance | 0.7690 | H1 |
| Support | 0.7650 | H1 |
AUDUSD, H1: AUDUSD was traded lower following prior formation of death cross by both moving average line while recently has rebounded from the support level of 0.7650. The recent rebound suggests AUDUSD to be traded higher in the short-term as technical correction. Otherwise, long-term trend direction suggests AUDUSD to extend its downward momentum as the MACD histogram continues to illustrate downward signal and momentum.
Resistance level: 0.7690, 0.7750
Support level: 0.7650, 0.7620