Stellar / Dollar may rise to 0.0906 - 0.0915

0.0873 is our pivot point.

Our preference

The upside prevails as long as 0.0873 is support.

Alternative scenario

The downside breakout of 0.0873 would call for 0.0859 and 0.0850.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.0878 and 0.0867).

Supports and resistances

0.0932 **

0.0923 *

0.0915 **

0.0906

0.0889 last

0.0879

0.0873 **

0.0859 *

0.0850 **

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