GBP/AUD intraday: the upside prevails as long as 1.8339 is support

1.8339 is our pivot point.

Our preference: the upside prevails as long as 1.8339 is support.

Alternative scenario: the downside breakout of 1.8339 would call for 1.8283 and 1.8250.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.8340 and 1.8322).

Supports and resistances:

1.8565 **

1.8532 *

1.8499 **

1.8466

1.8387 last

1.8360

1.8339 **

1.8283 *

1.8250 **

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 03-23-2023 at 21:07 UTC+1

Price reference: 1.8387 last known on 03-23-2023 at 21:07 UTC+1

Investment horizon: INTRADAY