GCMAsia - AUDUSD
AUDUSD
2017-08-23
| Resistance and Support | Level | Explanation |
| Resistance | 0.7950 | H4 |
| Support | 0.7880 | H4 |
AUDUSD, H4: AUDUSD was traded lower prior its retracement from resistance level at 0.7950. Currently, AUDUSD is testing the resistance at 200-MA line. Successful breakout of 200-MA line and support level at 0.7880 together with downward sloping of MACD histogram would indicate AUDUSD to further its losses, testing the next support level at 0.7820.
Resistance level: 0.7950, 0.8065
Support level: 0.7880, 0.7820