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250417 AUDUSD

by | Apr 25, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-04-25
Resistance and Support Level Explanation
Resistance 0.7565 H1
Support 0.7550 H1

AUDUSD, H1: AUDUSD was traded lower following prior retracement from the 20-moving average line (red). With regards to the MACD histogram which portrays downward signal and momentum, AUDUSD is expected to extend its losses after breaking the support level of 0.7550.

 

Resistance level: 0.7565, 0.7585

Support level: 0.7550, 0.7535