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GBP/AUD intraday: rebound towards 1.9554

2023-09-13
905

Our pivot point stands at 1.9405.

Our preference: rebound towards 1.9554.

Alternative scenario: the downside breakout of 1.9405 would call for 1.9349 and 1.9316.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.9454 and 1.9455).

Supports and resistances:

1.9620 **

1.9587 *

1.9554 **

1.9520

1.9452 last

1.9427

1.9405 **

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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