GBP/AUD intraday: the downside prevails as long as

GBP/AUD intraday: the downside prevails as long as 1.7650 is resistance

GBPAUD

Trading Central 2021-01-14 03:07:04

Our pivot point is at 1.7650.

Our preference: the downside prevails as long as 1.7650 is resistance.

Alternative scenario: the upside breakout of 1.7650, would call for 1.7711 and 1.7747.

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 1.7639 and 1.7618).

Supports and resistances:

1.7747 **

1.7711 *

1.7650 **

1.7627

1.7601 last

1.7522

1.7486 **

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