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GBP/AUD intraday: as long as 1.8970 is support look for 1.9116
2024-01-11
388
Our pivot point is at 1.8970.
Our preference: as long as 1.8970 is support look for 1.9116.
Alternative scenario: the downside breakout of 1.8970 would call for 1.8915 and 1.8882.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.9006 and 1.8989).
Supports and resistances:
1.9182 **
1.9149 *
1.9116 **
1.9083
1.9015 last
1.8991
1.8970 **
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