GBP/AUD intraday: the downside prevails as long as 2.0654 is resistance

Our pivot point stands at 2.0654.

Our preference: the downside prevails as long as 2.0654 is resistance.

Alternative scenario: above 2.0654, look for 2.0775 and 2.0847.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2.0556 and 2.0555).

Supports and resistances:

2.0847 **

2.0775 *

2.0654 **

2.0606

2.0547 last

2.0394

2.0322 **