AUD/CAD may rise to 0.9295 - 0.9372

Our pivot point stands at 0.9014.

Our preference

As long as 0.9014 is support look for 0.9372.

Alternative scenario

Below 0.9014, expect 0.8886 and 0.8810.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.9106 and 0.9033).

Supports and resistances

0.9525 **

0.9449 *

0.9372 **

0.9295

0.9130 last

0.9065

0.9014 **

0.8886 *

0.8810 **

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