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300517 AUDUSD

by | May 30, 2017 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2017-05-30
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). With regards to the upward signal from MACD histogram which continues to narrow sideways, AUDUSD is suggested to move further down after closing below the 20-moving average line.

 

Resistance level: 0.7450, 0.7520

Support level: 0.7385, 0.7285