GBP/AUD may rise 50 - 73 pips

1.9344 is our pivot point.

Our preference

The upside prevails as long as 1.9344 is support.

Alternative scenario

Below 1.9344, expect 1.9304 and 1.9281.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.9363 and 1.9376).

Supports and resistances

1.9506 **

1.9482 *

1.9458 **

1.9435

1.9385 last

1.9359

1.9344 **

1.9304 *

1.9281 **

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