GCMAsia - AUDUSD
AUDUSD
2017-08-24
| Resistance and Support | Level | Explanation |
| Resistance | 0.7945 | H4 |
| Support | 0.7875 | H4 |
AUDUSD, H4: AUDUSD was traded lower after its retracement from resistance level at 0.7945. Currently, the pair is testing support by 200-MA line. Successful breakout below the 200-MA line together with downward sloping of MACD signal line will give an indication to AUDUSD to continue its losses toward the next support level at 0.7875.
Resistance level: 0.7945, 0.8065
Support level: 0.7875, 0.7815