Stellar / Dollar may rise to 0.0962 - 0.0969

0.0939 is our pivot point.

Our preference

Look for a drop towards 0.0939 before a bounce.

Alternative scenario

The downside breakout of 0.0939 would call for 0.0927 and 0.0920.

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 its 20 period moving average (0.0947) but under its 50 period moving average (0.0948).

Supports and resistances

0.0983 **

0.0976 *

0.0969 **

0.0962

0.0948 last

0.0943

0.0939 **

0.0927 *

0.0920 **

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