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GBP/AUD intraday: rebound towards 1.9057
2024-05-06
70
1.8938 is our pivot point.
Our preference: rebound towards 1.9057.
Alternative scenario: the downside breakout of 1.8938 would call for 1.8895 and 1.8869.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (1.8969) but below its 50 period moving average (1.8994).
Supports and resistances:
1.9108 **
1.9082 *
1.9057 **
1.9031
1.8976 last
1.8955
1.8938 **
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