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261018 AUDUSD

by | Oct 26, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-10-26
Resistance and Support Level Explanation
Resistance 0.7090 H1
Support 0.7055 H1

AUDUSD, H1: AUDUSD remains traded within a descending triangle following prior retrace from the top level. MACD which illustrate the formation of death cross signal suggests the pair to be traded lower in short-term, towards the support of 0.7055.

 

Resistance level: 0.7090, 0.7130

Support level: 0.7055, 0.7000