Stellar / Dollar may rise to 0.0978 - 0.0985

Our pivot point stands at 0.0953.

Our preference

The upside prevails as long as 0.0953 is support.

Alternative scenario

The downside breakout of 0.0953 would call for 0.0941 and 0.0934.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.0956 and 0.0950).

Supports and resistances

0.0999 **

0.0992 *

0.0985 **

0.0978

0.0963 last

0.0957

0.0953 **

0.0941 *

0.0934 **

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