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GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-05-29
Resistance and Support Level Explanation
Resistance 0.7570 H4
Support 0.7515 H4

AUDUSD, H4: AUDUSD has recently break out from the bottom level of ascending channel, signifying a change in trend direction to move further downwards. MACD histogram which illustrate downward signal suggests the pair to extend its losses after breaking the support level at 0.7515.

 

Resistance level: 0.7570, 0.7610

Support level: 0.7515, 0.7480