AUDUSD intraday technical analysis - 18/10/2017

AUDUSD

1.31791 / 1.31798

SUMMARY

Down

TREND

Downward penetration

MA10

Bearish

MA20

Bearish

STOCHASTIC

Oversold

MARKET ANALYSIS

Upwards scenario: Possibility of price progress is seen above the next resistance level at 0.7860 (R1). Breakthrough here would suggest our interim target at 0.7897 (R2) and then mark at 0.7935 (R3) acts as last resistive measure for today.
Downwards scenario: Negative developments might be settled below the important support level at 0.7817 (S1). Any price action below it would then be targeting support at 0.7788 (S2) and final target could be exposed at 0.7759 (S3) mark.

Resistance levels: 0.7860 , 0.7897 , 0.7935

Support levels: 0.7817 , 0.7788 , 0.7759