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160718 AUDUSD

by | Jul 16, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-07-16
Resistance and Support Level Explanation
Resistance 0.7470 H1
Support 0.7420 H1

AUDUSD, H1: AUDUSD was traded higher following prior breakout from the support line 0.74161. Recent price action and both indicators MACD and RSI display ongoing bullish momentum suggest the pair could extend its gains towards the resistance level 0.7470.

 

Resistance level: 0.7470, 0.7560

Support level: 0.7420, 0.7360