GBP/AUD intraday: rebound

GBPAUD

Trading Central 2021-02-22 16:49:05

1.7749 is our pivot point.

Our preference: rebound.

Alternative scenario: the downside breakout of 1.7749 would call for 1.7699 and 1.7669.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (1.7791) but below its 50 period moving average (1.7819).

Supports and resistances:

1.7954 **

1.7924 *

1.7893 **

1.7863

1.7803 last

1.7769

1.7749 **

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.