GBP/AUD intraday: the downside prevails as long as 1.8580 is resistance

Our pivot point stands at 1.8580.

Our preference: the downside prevails as long as 1.8580 is resistance.

Alternative scenario: the upside breakout of 1.8580, would call for 1.8633 and 1.8664.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.8579 and 1.8550).

Supports and resistances:

1.8664 **

1.8633 *

1.8580 **

1.8559

1.8536 last

1.8471

1.8439 **

1.8408 *

1.8377 **

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 04-05-2023 at 21:53 UTC+1

Price reference: 1.8536 last known on 04-05-2023 at 21:53 UTC+1

Investment horizon: INTRADAY