GBP/AUD may rise 67 - 95 pips.

GBP/AUD may rise 67 - 95 pips.

Our pivot point is at 1.8878.

Our preference : The upside prevails as long as 1.8878 is support Alternative scenario Below 1.8878, expect 1.8832 and 1.8804.

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

The MACD is above its signal line and positive.

The configuration is positive.

Moreover, the price is above its 20 and 50 period moving average (respectively at 1.8920 and 1.8927).