GBP/AUD intraday: the downside prevails as long as 1.9208 is resistance
Our pivot point is at 1.9208.
Our preference: the downside prevails as long as 1.9208 is resistance.
Alternative scenario: above 1.9208, look for 1.9259 and 1.9290.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.9221 and 1.9189).
Supports and resistances:
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