GBPAUD New York briefing — 2026-05-11

BIAS BEARISH. D1 structure bearish; H4/H1 EMAs aligned downside; RSI neutral supports continuation without momentum exhaustion. KEY LEVELS R: 1.88, 1.885, 1.89574 | S: 1.875, 1.87322, 1.87 NEWS 🟡 BRC Like-For-Like Retail Sales (Mon 23:01 UTC) 🟡 Westpac Consumer Confidence (Tue 00:30 UTC) 🟡 NAB Business Conditions (Tue 01:30 UTC) SESSION OUTLOOK AUD confidence data post-session may trigger late retest of resistance. Watch 1.88 cap; break below 1.875 targets lower support. PRO UNLOCKS Entry 1.8760, SL 1.8880, TP1 1.8732, TP2 1

Key Levels

R: 1.88000 · 1.88500 · 1.89574

S: 1.87500 · 1.87322 · 1.87000