GBP/AUD may rise 58 - 85 pips

1.9284 is our pivot point.

Our preference

The upside prevails as long as 1.9284 is support.

Alternative scenario

Below 1.9284, expect 1.9238 and 1.9210.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.9315 and 1.9317).

Supports and resistances

1.9467 **

1.9440 *

1.9412 **

1.9385

1.9327 last

1.9302

1.9284 **

1.9238 *

1.9210 **

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