GBP/AUD ST: as long as 1.7996 is support look for 1.9132

1.7996 is our pivot point.

Our preference: as long as 1.7996 is support look for 1.9132.

Alternative scenario: below 1.7996, expect 1.7636 and 1.7421.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.8303 and 1.7853).

Supports and resistances:

1.9566 **

1.9349 *

1.9132 **

1.8916

1.8480 last

1.8137

1.7996 **

1.7636 *

1.7421 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 04-04-2023 at 10:37 UTC+1

Price reference: 1.8480 last known on 04-04-2023 at 10:37 UTC+1

Investment horizon: ST