AUDUSD intraday technical analysis - 22/06/2018

AUDUSD

1.32714 / 1.32722

SUMMARY

Up

TREND

Upward penetration

MA10

Bullish

MA20

Bullish

STOCHASTIC

Overbought

MARKET ANALYSIS

Upwards scenario: To enable further upwards formation, price needs to clear resistive barrier at 0.7414 (R1). In such case we would suggest next target at 0.7434 (R2) and then any further price progress would face final resistance at 0.7454 (R3)
Downwards scenario: On the downside we see potential to positively retest our initial support measure at 0.7389 (S1). Clearance here is required to open route towards to our intraday targets at 0.7366 (S2) and 0.7345 (S3) in potential.

Resistance levels: 0.7414 , 0.7434 , 0.7454

Support levels: 0.7389 , 0.7366 , 0.7345