GBP/AUD intraday: as long as 1.539 is support look for 1.547
26-May-11
05:22
Our pivot point is at 1.539.
Our preference: as long as 1.539 is support look for 1.547.
Alternative scenario: the downside breakout of 1.539 would call for 1.536 and 1.534.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (standing respectively at 1.5407 and 1.5331).
Supports and resistances:
1.548 *
1.547 **
1.545
1.54103 last
1.54
1.539 **
1.536 *
Ticker: GBPAUD
