GBP/AUD ST: above its upper Bollinger band
Our pivot point is at 1.9230.
Our preference: the upside prevails as long as 1.9230 is support.
Alternative scenario: below 1.9230, expect 1.8896 and 1.8698.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.9372 and 1.9210). Finally, the GBP/AUD has crossed above its upper Bollinger band (1.9549).
Supports and resistances:
2.0565 **
2.0366 *
2.0167 **
1.9967
1.9551 last
1.9361
1.9230 **
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