GBP/AUD intraday: under pressure below 1.7634

GBPAUD

Trading Central 2021-01-13 04:56:04

Our pivot point is at 1.7634.

Our preference: under pressure below 1.7634.

Alternative scenario: above 1.7634, look for 1.7695 and 1.7731.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.7610 and 1.7580).

Supports and resistances:

1.7731 **

1.7695 *

1.7634 **

1.7611

1.7579 last

1.7501

1.7465 **

Disclaimer

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