GBP/AUD intraday: as long as 1.9194 is resistance look for 1.9006
Our pivot point is at 1.9194.
Our preference: as long as 1.9194 is resistance look for 1.9006.
Alternative scenario: the upside breakout of 1.9194, would call for 1.9260 and 1.9299.
Comment: the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price stands above its 20 period moving average (1.9137) but below its 50 period moving average (1.9148).
Supports and resistances:
1.9299 **
1.9260 *
1.9194 **
1.9169
1.9140 last
1.9045
1.9006 **
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