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GBP/AUD intraday: as long as 1.9116 is support look for 1.9258
2023-11-01
291
Our pivot point stands at 1.9116.
Our preference: as long as 1.9116 is support look for 1.9258.
Alternative scenario: the downside breakout of 1.9116 would call for 1.9063 and 1.9031.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (1.9160) but above its 50 period moving average (1.9130).
Supports and resistances:
1.9321 **
1.9290 *
1.9258 **
1.9227
1.9159 last
1.9136
1.9116 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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