GCMAsia - AUDUSD
AUDUSD
2017-08-29
| Resistance and Support | Level | Explanation |
| Resistance | 0.7960 | H4 |
| Support | 0.7875 | H4 |
AUDUSD, H4: AUDUSD was traded lower prior its retracement from resistance level at 0.7960. Formation of bearish engulfing candlestick and downward slope of MACD histogram suggest AUDUSD to trade lower, testing resistance by 200-MA line before the resistance level at 0.7875.
Resistance level: 0.7960, 0.8065
Support level: 0.7875, 0.7815