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231017 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-10-23
Resistance and Support Level Explanation
Resistance 0.7820 H4
Support 0.7780 H4

AUDUSD, H4: AUDUSD was traded lower prior breaking below support level at 0.7820. Formation of bearish engulfing candlestick and death-cross as shown by MACD histogram suggest the pair to extend losses toward the next support level at 0.7780.

Resistance level: 0.7820, 0.7870

Support level: 0.7780, 0.7730