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271218 AUDUSD

by | Dec 27, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-12-27
Resistance and Support Level Explanation
Resistance 0.7070 H1
Support 0.7035 H1

AUDUSD, H1: AUDUSD was traded lower following prior retracement from the resistance level 0.7070. MACD which illustrate starting bearish momentum and the formation of death cross suggest the pair to extend its losses towards the support level 0.7035.

 

Resistance level: 0.7070, 0.7100

Support level: 0.7035, 0.7000