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Short

GBP/AUD intraday: target 1.9489

FX:GBPAUD   British Pound / Australian Dollar
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Our pivot point stands at 1.9684.

Our preference:target 1.9489.

Alternative scenario: above 1.9684, look for 1.9745 and 1.978.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 MA (1.9643) but above its 50 MA (1.9599).

Supports and resistances:
1.978 **
1.9745 *
1.9684 **
1.9658
1.95958 last
1.9526
1.9489 **
1.9454 *
1.9416 **

Comments

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