Stellar / Dollar may rise to 0.0949 - 0.0956

Our pivot point is at 0.0923.

Our preference

As long as 0.0923 is support look for 0.0956.

Alternative scenario

The downside breakout of 0.0923 would call for 0.0911 and 0.0904.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.0932 and 0.0918).

Supports and resistances

0.0970 **

0.0963 *

0.0956 **

0.0949

0.0934 last

0.0927

0.0923 **

0.0911 *

0.0904 **

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