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310718 AUDUSD

by | Jul 31, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-07-31
Resistance and Support Level Explanation
Resistance 0.7430 H1
Support 0.7390 H1

AUDUSD, H1: AUDUSD remain traded in a sideway channel following with rebound from the support level 0.7390. Although recent price action and MACD which illustrate ongoing bullish momentum, a breakout above the resistance level 0.7430 is required to attain further confirmation

 

Resistance level: 0.7430, 0.7460

Support level: 0.7390, 0.7360