GBP/AUD intraday: the upside prevails as long as 1.7727 is support

1.7727 is our pivot point.

Our preference: the upside prevails as long as 1.7727 is support.

Alternative scenario: below 1.7727, expect 1.7656 and 1.7614.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7758 and 1.7751).

Supports and resistances:

1.7998 **

1.7956 *

1.7913 **

1.7871

1.7786 last

1.7755

1.7727 **

1.7656 *

1.7614 **

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 03-03-2023 at 19:47 UTC+1

Price reference: 1.7786 last known on 03-03-2023 at 19:47 UTC+1

Investment horizon: INTRADAY