GBP/AUD may fall 57 - 83 pips

1.9104 is our pivot point.

Our preference

The downside prevails as long as 1.9104 is resistance.

Alternative scenario

Above 1.9104, look for 1.9148 and 1.9175.

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 1.9076 and 1.9078).

Supports and resistances

1.9175 **

1.9148 *

1.9104 **

1.9087

1.9068 last

1.9011

1.8985 **

1.8958 *

1.8932 **

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