AUDUSD intraday technical analysis - 22/02/2019

AUDUSD

0.71112/0.71118

SUMMARY

Up

TREND

Upward penetration

MA10

Bullish

MA20

Bullish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: Further upwards formation is limited to resistive measure at 0.7131 (R1). A break above it would suggest next intraday target 0.7168 (R2) and if the price holds its momentum we can expect price increase towards to final resistance at 0.7206 (R3).
Downwards scenario: Next barrier on the downside is seen at 0.7102 (S1). Break here would open way towards to next intraday target at 0.7069 (S2) and then final aim locates at 0.7036 (S3).

Resistance levels: 0.7131 , 0.7168 , 0.7206

Support levels: 0.7102 , 0.7069 , 0.7036