Stellar / Dollar may rise to 0.0949 - 0.0956

Our pivot point stands at 0.0922.

Our preference

The upside prevails as long as 0.0922 is support.

Alternative scenario

The downside breakout of 0.0922 would call for 0.0910 and 0.0903.

Comment

The RSI is above its neutrality area at 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 0.0919 and 0.0914).

Supports and resistances

0.0970 **

0.0963 *

0.0956 **

0.0949

0.0935 last

0.0926

0.0922 **

0.0910 *

0.0903 **

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