GBP/AUD intraday: the upside prevails as long as 1.9404 is support
Our pivot point stands at 1.9404.
Our preference: the upside prevails as long as 1.9404 is support.
Alternative scenario: the downside breakout of 1.9404 would call for 1.9349 and 1.9316.
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 trading above both its 20 and 50 period moving average (respectively at 1.9434 and 1.9441).
Supports and resistances:
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