GBP/AUD may fall 76 - 109 pips

1.9203 is our pivot point.

Our preference

The downside prevails as long as 1.9203 is resistance.

Alternative scenario

Above 1.9203, look for 1.9258 and 1.9291.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.9177 and 1.9188).

Supports and resistances

1.9291 **

1.9258 *

1.9203 **

1.9181

1.9158 last

1.9082

1.9049 **

1.9016 *

1.8983 **

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