GBP/AUD may rise 47 - 71 pips

1.9311 is our pivot point.

Our preference

Rebound towards 1.9421.

Alternative scenario

Below 1.9311, expect 1.9272 and 1.9248.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.9358 and 1.9390).

Supports and resistances

1.9468 **

1.9444 *

1.9421 **

1.9397

1.9350 last

1.9327

1.9311 **

1.9272 *

1.9248 **

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