GBP/AUD intraday: the downside prevails as long as 1.8507 is resistance

Our pivot point is at 1.8507.

Our preference: the downside prevails as long as 1.8507 is resistance.

Alternative scenario: the upside breakout of 1.8507, would call for 1.8557 and 1.8587.

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 1.8488 and 1.8494).

Supports and resistances:

1.8587 **

1.8557 *

1.8507 **

1.8488

1.8468 last

1.8401

1.8372 **

1.8342 *

1.8312 **

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 04-17-2023 at 21:57 UTC+1

Price reference: 1.8468 last known on 04-17-2023 at 21:57 UTC+1

Investment horizon: INTRADAY