GBP/AUD intraday: the upside prevails as long as 1.8611 is support

Our pivot point stands at 1.8611.

Our preference: the upside prevails as long as 1.8611 is support.

Alternative scenario: the downside breakout of 1.8611 would call for 1.8560 and 1.8530.

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 1.8628 and 1.8646).

Supports and resistances:

1.8803 **

1.8773 *

1.8743 **

1.8713

1.8653 last

1.8631

1.8611 **

1.8560 *

1.8530 **

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 04-12-2023 at 22:44 UTC+1

Price reference: 1.8653 last known on 04-12-2023 at 22:44 UTC+1

Investment horizon: INTRADAY