GBP/AUD intraday: the upside prevails as long as 1.7722 is support

Our pivot point is at 1.7722.

Our preference: the upside prevails as long as 1.7722 is support.

Alternative scenario: the downside breakout of 1.7722 would call for 1.7651 and 1.7608.

Comment: the RSI is above 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 1.7767 and 1.7752).

Supports and resistances:

1.8000 **

1.7958 *

1.7916 **

1.7873

1.7786 last

1.7750

1.7722 **

1.7651 *

1.7608 **

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 22:00 UTC+1

Price reference: 1.7786 last known on 03-03-2023 at 22:00 UTC+1

Investment horizon: INTRADAY