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230617 AUDUSD

by | Jun 23, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-06-23
Resistance and Support Level Explanation
Resistance 0.7570 H4
Support 0.7530 H4

AUDUSD, H4: AUDUSD has recently broke out from the bottom level of narrowing triangle, signalling a change in trend direction to move further downwards. It is suggested to extend its downward momentum after successfully breaking the support level of 0.7530.

 

Resistance level: 0.7570, 0.7635

Support level: 0.7530, 0.7500