GBP/AUD intraday: the upside prevails as long as 1.8597 is support

Our pivot point stands at 1.8597.

Our preference: the upside prevails as long as 1.8597 is support.

Alternative scenario: the downside breakout of 1.8597 would call for 1.8544 and 1.8513.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.8630 and 1.8624).

Supports and resistances:

1.8800 **

1.8769 *

1.8737 **

1.8706

1.8640 last

1.8618

1.8597 **

1.8544 *

1.8513 **

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

Price reference: 1.8640 last known on 04-10-2023 at 10:37 UTC+1

Investment horizon: INTRADAY