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280618 AUDUSD

by | Jun 28, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-06-28
Resistance and Support Level Explanation
Resistance 0.7365 H4
Support 0.7325 H4

AUDUSD, H4: AUDUSD was traded higher following prior rebound from the support level of 0.7355. Recent price action suggests the pair to be traded higher in short-term as technical correction in tandem with the diminishing downward momentum from MACD histogram.

 

Resistance level: 0.7365, 0.7440

Support level: 0.7325, 0.7280