GBP/AUD may fall 68 - 100 pips.

GBP/AUD may fall 68 - 100 pips.

Our pivot point is at 1.8864.

Our preference : The downside prevails as long as 1.8864 is resistance Alternative scenario Above 1.8864, look for 1.8919 and 1.8952.

Comment : The RSI is below its neutrality area at 50.

The MACD is below its signal line and negative.

The configuration is negative.

Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.8824 and 1.8843).

Finally, the GBP/AUD is trading below its lower Bollinger band (standing at 1.8781).