GBP/AUD may rise 47 - 71 pips

1.9317 is our pivot point.

Our preference

Rebound towards 1.9435.

Alternative scenario

Below 1.9317, expect 1.9278 and 1.9254.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.9367 and 1.9402).

Supports and resistances

1.9482 **

1.9458 *

1.9435 **

1.9411

1.9364 last

1.9333

1.9317 **

1.9278 *

1.9254 **

Number of asterisks represents the strength of support and resistance levels.