GCMAsia - AUDUSD
AUDUSD
2017-04-28
| Resistance and Support | Level | Explanation |
| Resistance | 0.7490 | H4 |
| Support | 0.7445 | H4 |
AUDUSD, H4: AUDUSD were traded higher following prior rebound from the support level of 0.7445. Downward signal line from MACD histogram which continues to narrow upwards suggests AUDUSD to be traded higher in short-term as technical correction. Long-term trend direction still suggests AUDUSD to extend its downtrend.
Resistance level: 0.7490, 0.7545
Support level: 0.7445, 0.7400