GCMAsia - AUDUSD
AUDUSD
2017-03-27
| Resistance and Support | Level | Explanation |
| Resistance | 0.7640 | Daily |
| Support | 0.7550 | Daily |
AUDUSD, Daily: AUDUSD was traded lower following a retrace from the strong resistance level at 0.7740 while forming a double top formation. As the MACD indicator remains hovered outside of upward momentum, AUDUSD may experience brief technical correction and traded lower in the short-term. Otherwise, long-term trend direction still suggests AUDUSD to advance further upwards.
Resistance level: 0.7640, 0.7740
Support level: 0.7550, 0.7455