GBP/AUD intraday: as long as 1.8203 is resistance look for 1.8044

Trading Central 2020-11-19 04:45:08

1.8203 is our pivot point.

Our preference: as long as 1.8203 is resistance look for 1.8044.

Alternative scenario: the upside breakout of 1.8203, would call for 1.8258 and 1.8290.

Comment: the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.8157 and 1.8166).

Supports and resistances:

1.8290 **

1.8258 *

1.8203 **

1.8181

1.8157 last

1.8077

1.8044 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

6 Reasons To Open An Account

Multi-language 24/7 professional support

Fast, convenient fund and withdrawals

Free demo account $10,000

International recognition

Real-time quotes with push notification

Professional market analysis broadcast