AUD/SGD may rise 32 - 42 pips

Our pivot point stands at 0.9050.

Our preference

As long as 0.9050 is support look for 0.9140.

Alternative scenario

The downside breakout of 0.9050 would call for 0.9030 and 0.9020.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (0.9098) but above its 50 period moving average (0.9096).

Supports and resistances

0.9160 **

0.9150 *

0.9140 **

0.9130

0.9098 last

0.9060

0.9050 **

0.9030 *

0.9020 **

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