AUDUSD intraday technical analysis - 29/06/2017

AUDUSD

1.29573 / 1.29583

SUMMARY

Up

TREND

Up trend

MA10

Bullish

MA20

Bullish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: AUDUSD resumed an uptrend extension today, however further upside progress looks limited to the resistive barrier at 0.7680 (R1). Clearance here is required to open way towards to next targets at 0.7705 (R2) and 0.7730 (R3) in potential.
Downwards scenario: On the other hand, technical readings suggest possible retest of our support level at 0.7656 (S1) later on today. Break here is required to open way towards to initial targets at 0.7624 (S2) and 0.7593 (S3).

Resistance levels: 0.7680 , 0.7705 , 0.7730

Support levels: 0.7656 , 0.7624 , 0.7593