GBP/AUD ST: rebound
Our pivot point stands at 1.8941.
Our preference: rebound.
Alternative scenario: the downside breakout of 1.8941 would call for 1.8584 and 1.8371.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (1.9161) but below its 50 period moving average (1.9354).
Supports and resistances:
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