GBP/AUD may fall 60 - 86 pips

1.9136 is our pivot point.

Our preference

The downside prevails as long as 1.9136 is resistance.

Alternative scenario

Above 1.9136, look for 1.9181 and 1.9207.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.9125 and 1.9168).

Supports and resistances

1.9207 **

1.9181 *

1.9136 **

1.9119

1.9098 last

1.9038

1.9012 **

1.8985 *

1.8959 **

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