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311018 AUDUSD

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

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-10-31
Resistance and Support Level Explanation
Resistance 0.7080 H1
Support 0.7055 H1

AUDUSD, H1: AUDUSD remains traded within a rising wedge while currently testing at the bottom level. MACD which has formed a death cross signal suggests the pair to extend its losses after successfully breaking the bottom level of the wedge.

 

Resistance level: 0.7080, 0.7100

Support level: 0.7055, 0.7025