GBP/AUD may rise 56 - 83 pips

1.8984 is our pivot point.

Our preference

Rebound towards 1.9103.

Alternative scenario

Below 1.8984, expect 1.8940 and 1.8913.

Comment

The RSI is below 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 1.9025 and 1.9044).

Supports and resistances

1.9155 **

1.9129 *

1.9103 **

1.9076

1.9020 last

1.9001

1.8984 **

1.8940 *

1.8913 **

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