GBP/AUD intraday: the downside prevails as long as 1.7804 is resistance

1.7804 is our pivot point.

Our preference: the downside prevails as long as 1.7804 is resistance.

Alternative scenario: above 1.7804, look for 1.7875 and 1.7917.

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 1.7767 and 1.7782).

Supports and resistances:

1.7917 **

1.7875 *

1.7804 **

1.7776

1.7748 last

1.7659

1.7617 **

1.7575 *

1.7533 **

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 03-02-2023 at 21:43 UTC+1

Price reference: 1.7748 last known on 03-02-2023 at 21:43 UTC+1

Investment horizon: INTRADAY