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GBP/AUD ST: our next up target stands at 1.9912
2024-04-16
944
Our pivot point is at 1.9088.
Our preference: our next up target stands at 1.9912.
Alternative scenario: below 1.9088, expect 1.8797 and 1.8623.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.9286 and 1.9340).
Supports and resistances:
2.0260 **
2.0086 *
1.9912 **
1.9738
1.9375 last
1.9202
1.9088 **
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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