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GBP/AUD intraday: the upside prevails as long as 1.9121 is support
2023-10-31
1044
1.9121 is our pivot point.
Our preference: the upside prevails as long as 1.9121 is support.
Alternative scenario: the downside breakout of 1.9121 would call for 1.9069 and 1.9037.
Comment: the RSI is above 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 1.9150 and 1.9121).
Supports and resistances:
1.9333 **
1.9301 *
1.9270 **
1.9239
1.9164 last
1.9142
1.9121 **
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