GBP/AUD may rise 61 - 92 pips

1.9520 is our pivot point.

Our preference

The upside prevails as long as 1.9520 is support.

Alternative scenario

Below 1.9520, expect 1.9469 and 1.9438.

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 trading above both its 20 and 50 period moving average (respectively at 1.9549 and 1.9525).

Supports and resistances

1.9725 **

1.9695 *

1.9664 **

1.9633

1.9572 last

1.9541

1.9520 **

1.9469 *

1.9438 **

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