AUDUSD intraday technical analysis - 20/04/2018

AUDUSD

1.40606 / 1.40614

SUMMARY

Down

TREND

Down trend

MA10

Bearish

MA20

Bearish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: Technically, next important resistive structure is seen at 0.7728 (R1). Break here is required to initiate upside progress towards to important resistive measure at 0.7750 (R2). Any further market strengthening would then be limited to final aim at 0.7773 (R3).
Downwards scenario: Risk of further price depreciation is seen below the support level at 0.7704 (S1). Loss here is required to enable our supportive barrier at 0.7680 (S2) on route towards to final target for today at 0.7655 (S3).

Resistance levels: 0.7728 , 0.7750 , 0.7773

Support levels: 0.7704 , 0.7680 , 0.7655