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250518 AUDUSD

by | May 25, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-05-25
Resistance and Support Level Explanation
Resistance 0.7610 H1
Support 0.7570 H1

AUDUSD, H1: AUDUSD remains traded within an ascending wedge while currently testing at the lower level. MACD histogram which begins to form a death cross signal suggests the pair to be traded lower in short-term after successfully closing below the 20-MA line (red) at around 0.7570.

 

Resistance level: 0.7610, 0.7655

Support level: 0.7570, 0.7515