GBP/AUD intraday: the downside prevails as long as 1.7963 is resistance

Our pivot point is at 1.7963.

Our preference: the downside prevails as long as 1.7963 is resistance.

Alternative scenario: above 1.7963, look for 1.8034 and 1.8077.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.7948 and 1.7923).

Supports and resistances:

1.8077 **

1.8034 *

1.7963 **

1.7935

1.7904 last

1.7812

1.7769 **

1.7727 *

1.7684 **

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 02-28-2023 at 21:39 UTC+1

Price reference: 1.7904 last known on 02-28-2023 at 21:39 UTC+1

Investment horizon: INTRADAY