GCMAsia - AUDUSD
AUDUSD
2017-03-23
| Resistance and Support | Level | Explanation |
| Resistance | 0.7685 | H4 |
| Support | 0.7650 | H4 |
AUDUSD, H4: AUDUSD was traded lower following a retrace from the resistance level of 0.7685 while currently testing in between both moving average line. In short-term, AUDUSD is suggested to hover within a sideways trend within the range of 0.7650 and 0.7685. Otherwise, long-term trend direction suggests AUDUSD to extend its downtrend as the MACD histogram continues to illustrate downward signal and momentum.
Resistance level: 0.7685, 0.7750
Support level: 0.7650, 0.7620