GBP/AUD intraday: as long as 1.7783 is support loo

GBP/AUD intraday: as long as 1.7783 is support look for 1.7911

GBPAUD

Trading Central 2021-02-24 04:55:15

Our pivot point is at 1.7783.

Our preference: as long as 1.7783 is support look for 1.7911.

Alternative scenario: the downside breakout of 1.7783 would call for 1.7738 and 1.7711.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.7826 and 1.7799).

Supports and resistances:

1.7965 **

1.7938 *

1.7911 **

1.7884

1.7829 last

1.7801

1.7783 **

Disclaimer

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