AUD/SGD may rise 26 - 46 pips

Our pivot point is at 0.9000.

Our preference

The upside prevails as long as 0.9000 is support.

Alternative scenario

Below 0.9000, expect 0.8980 and 0.8970.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.9040 and 0.9035). Finally, the AUD/SGD is trading above its upper Bollinger band (standing at 0.9051).

Supports and resistances

0.9120 **

0.9110 *

0.9100 **

0.9080

0.9054 last

0.9010

0.9000 **

0.8980 *

0.8970 **

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