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GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-07-25
Resistance and Support Level Explanation
Resistance 0.7960 H4
Support 0.7915 H4

AUDUSD, H4: AUDUSD remains traded within a range following prior rebound from the support level of 0.7915. It is suggested to be traded higher in short-term, towards the target of resistance level at 0.7960. Long-term trend direction could only be determined after a successful breakout from either side of the range.

 

Resistance level: 0.7960, 0.8000

Support level: 0.7915, 0.7875, 0.7830