7640813 7/12/2017 5:10 PM, GBP/AUD intraday: rebound


Our pivot point is at 1.6753.


Our preference

: rebound.


Alternative scenario

: below 1.6753, expect 1.6700 and 1.6668.


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 pair stands above its 20 MA (1.6788) but below its 50 MA (1.6839).


Supports and resistances

:

1.6966 **

1.6934 *

1.6903 **

1.6871

1.6798 last

1.6774

1.6753 **

1.6700 *

1.6668 **