GBP/AUD may rise 80 - 112 pips

1.9371 is our pivot point.

Our preference

Rebound towards 1.9527.

Alternative scenario

Below 1.9371, expect 1.9318 and 1.9286.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.9428 and 1.9450).

Supports and resistances

1.9590 **

1.9558 *

1.9527 **

1.9495

1.9415 last

1.9392

1.9371 **

1.9318 *

1.9286 **

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