GBP/AUD may rise 67 - 99 pips

Our pivot point stands at 1.9412.

Our preference

The upside prevails as long as 1.9412 is support.

Alternative scenario

Below 1.9412, expect 1.9359 and 1.9327.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.9444 and 1.9434).

Supports and resistances

1.9619 **

1.9587 *

1.9556 **

1.9524

1.9457 last

1.9433

1.9412 **

1.9359 *

1.9327 **

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