AUDUSD intraday technical analysis - 19/10/2018

AUDUSD

1.30247 / 1.30255

SUMMARY

Up

TREND

Upward penetration

MA10

Bullish

MA20

Bearish

STOCHASTIC

Overbought

MARKET ANALYSIS

Upwards scenario: On the upside, clearance of our next resistance at 0.7127 (R1) is required to open way towards to next target at 0.7143 (R2). Last resistance level for today is seen 0.7159 (R3).
Downwards scenario: Market sentiment on the bullish side now, however potential to establish correction phase is seen below the fractal level at 0.7107 (S1). Positive retest here suggest next intraday targets at 0.7088 (S2) and 0.7068 (S3).

Resistance levels: 0.7127 , 0.7143 , 0.7159

Support levels: 0.7107 , 0.7088 , 0.7068