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GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-03-24
Resistance and Support Level Explanation
Resistance 0.7650 H4
Support 0.7620 H4

AUDUSD, H4: AUDUSD was traded lower following a closure below the 60-moving average line (green) while currently testing near the support level of 0.7620. Referring to the MACD histogram which continues to illustrate downward signal and momentum, a closure below the level of 0.7620 would suggest AUDUSD to move further downwards.

 

Resistance level: 0.7650, 0.7685

Support level: 0.7620, 0.7590