Stellar / Dollar is neutral

Our pivot point is at 0.0849.

Our preference

Look for a drop towards 0.0849 before a bounce.

Alternative scenario

Below 0.0849, expect 0.0706 and 0.0621.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.0965 and 0.0973).

Supports and resistances

0.1431 **

0.1343 *

0.1255 **

0.1167

0.0987 last

0.0905

0.0849 **

0.0706 *

0.0621 **

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