Stellar / Dollar may rise to 0.0965 - 0.0972

Our pivot point is at 0.0940.

Our preference

As long as 0.0940 is support look for 0.0972.

Alternative scenario

The downside breakout of 0.0940 would call for 0.0928 and 0.0921.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (0.0952) but above its 50 period moving average (0.0940).

Supports and resistances

0.0986 **

0.0979 *

0.0972 **

0.0965

0.0949 last

0.0944

0.0940 **

0.0928 *

0.0921 **

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