GBP/AUD intraday: as long as 1.8622 is support look for 1.8761

1.8622 is our pivot point.

Our preference: as long as 1.8622 is support look for 1.8761.

Alternative scenario: the downside breakout of 1.8622 would call for 1.8572 and 1.8542.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (1.8673) but above its 50 period moving average (1.8646).

Supports and resistances:

1.8821 **

1.8791 *

1.8761 **

1.8731

1.8671 last

1.8642

1.8622 **

1.8572 *

1.8542 **

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 04-11-2023 at 21:51 UTC+1

Price reference: 1.8671 last known on 04-11-2023 at 21:51 UTC+1

Investment horizon: INTRADAY