GCMAsia - AUDUSD
AUDUSD
2017-10-24
| Resistance and Support | Level | Explanation |
| Resistance | 0.7850 | H4 |
| Support | 0.7800 | H4 |
AUDUSD, H4: AUDUSD was traded within a narrowing triangle following prior rebound from the bottom level near 0.7800. MACD histogram which illustrate diminishing downward momentum suggest the pair to be traded higher in short-term, towards the both moving average line and target at 0.7850.
Resistance level: 0.7850, 0.7895
Support level: 0.7800, 0.7755