Stellar / Dollar may rise to 0.0983 - 0.0990

Our pivot point stands at 0.0955.

Our preference

As long as 0.0955 is support look for 0.0990.

Alternative scenario

The downside breakout of 0.0955 would call for 0.0943 and 0.0936.

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 0.0960 and 0.0955).

Supports and resistances

0.1004 **

0.0997 *

0.0990 **

0.0983

0.0965 last

0.0959

0.0955 **

0.0943 *

0.0936 **

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