AUDUSD intraday technical analysis - 11/12/2018

AUDUSD

0.72003/0.72011

SUMMARY

Down

TREND

Downward penetration

MA10

Bearish

MA20

Bearish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: Important fractal level at 0.72015 (R1) acts as next resistive measure on the upside and prevents possible correction formation ahead. Successful attempt to clear this barrier would enable higher target at 0.7250 (R2) and then final aim for today lies at 0.7286 (R3).
Downwards scenario: Market could test an important support level at 0.7177 (S1) on the downside. Loss here would suggest next target at 0.7142 (S2) and 0.7107 (S3) in potential.

Resistance levels: 0.7215 , 0.7250 , 0.7286

Support levels: 0.7177 , 0.7142 , 0.7107