Stellar / Dollar may rise to 0.0886 - 0.0893

Our pivot point is at 0.0852.

Our preference

The upside prevails as long as 0.0852 is support.

Alternative scenario

The downside breakout of 0.0852 would call for 0.0841 and 0.0834.

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 0.0849 and 0.0852).

Supports and resistances

0.0906 **

0.0900 *

0.0893 **

0.0886

0.0870 last

0.0857

0.0852 **

0.0841 *

0.0834 **

Number of asterisks represents the strength of support and resistance levels.