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GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-09-28
Resistance and Support Level Explanation
Resistance 0.7895 Daily
Support 0.7755 Daily

AUDUSD, Daily: AUDUSD has recently broke out from the bottom level of upward channel, signalling a change in trend direction to move further downwards. Signal line from MACD histogram which continues to expand downwards suggests the pair to advance further down, towards the direction of support level at 0.7755.

 

Resistance level: 0.7895, 0.8015

Support level: 0.7755, 0.7640