Stellar / Dollar may rise to 0.0970 - 0.0977

0.0941 is our pivot point.

Our preference

As long as 0.0941 is support look for 0.0977.

Alternative scenario

The downside breakout of 0.0941 would call for 0.0929 and 0.0922.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.0950 and 0.0938).

Supports and resistances

0.0991 **

0.0984 *

0.0977 **

0.0970

0.0952 last

0.0946

0.0941 **

0.0929 *

0.0922 **

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