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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:

1.9618 **

1.9585 *

1.9552 **


1.9449 last


1.9404 **

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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