GCMAsia - AUDUSD
AUDUSD
2017-05-29
| Resistance and Support | Level | Explanation |
| Resistance | 0.7450 | Daily |
| Support | 0.7385 | Daily |
AUDUSD, Daily: AUDUSD was traded lower following prior retracement from the resistance level of 0.7520 while currently testing near the 20-moving average line (red). As the upward signal and momentum from MACD histogram begins to subside, a closure below the 20-moving average line (red) would suggest AUDUSD to advance further down towards the target support level of 0.7385.
Resistance level: 0.7450, 0.7520
Support level: 0.7385, 0.7285