GBP/AUD intraday: target 2.0609

Our pivot point is at 2.0939.

Our preference: target 2.0609.

Alternative scenario: the upside breakout of 2.0939, would call for 2.1062 and 2.1135.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (2.0858) but above its 50 period moving average (2.0823).

Supports and resistances:

2.1135 **

2.1062 *

2.0939 **

2.0891

2.0840 last

2.0682

2.0609 **