GCMAsia - AUDUSD
AUDUSD
2018-04-25
| Resistance and Support | Level | Explanation |
| Resistance | 0.7650 | H4 |
| Support | 0.7580 | H4 |
AUDUSD, H4: AUDUSD was traded in a bearish trend following prior breakout from the strong support level near 0.7650. Both MA line which continues to expand downward after the formation of death cross suggests persistent bearish bias. Thus, a close below the target of 0.7580 would further validate such signal.
Resistance level: 0.7650, 0.7705
Support level: 0.7580, 0.7520