AUDUSD intraday technical analysis - 23/08/2017

AUDUSD

1.28192 / 1.282

SUMMARY

Down

TREND

Downward penetration

MA10

Bearish

MA20

Bearish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: On the upside, clearance of our next resistance at 0.7893 (R1) is required to open way towards to next target at 0.7917 (R2). Last resistance level for today is seen 0.7939 (R3)
Downwards scenario: Risk of further price depreciation is seen below the support level at 0.7875 (S1). A fall below it would enable next aim at 0.7850 (S2) and any further market decline would then be targeting final support at 0.7825 (S3).

Resistance levels: 0.7893 , 0.7917 , 0.7939

Support levels: 0.7875 , 0.7850 , 0.7825