GBP/AUD intraday: the downside prevails as long as

GBP/AUD intraday: the downside prevails as long as 1.7809 is resistance

GBPAUD

Trading Central 2021-02-23 05:05:05

Our pivot point stands at 1.7809.

Our preference: the downside prevails as long as 1.7809 is resistance.

Alternative scenario: the upside breakout of 1.7809, would call for 1.7859 and 1.7889.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.7776 and 1.7787).

Supports and resistances:

1.7889 **

1.7859 *

1.7809 **

1.7789

1.7765 last

1.7703

1.7673 **

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