AUD/SGD may fall 52 - 62 pips

Our pivot point stands at 0.9110.

Our preference

The downside prevails as long as 0.9110 is resistance.

Alternative scenario

Above 0.9110, look for 0.9130 and 0.9150.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9102 and 0.9100). Finally, the AUD/SGD is trading below its lower Bollinger band (standing at 0.9095).

Supports and resistances

0.9150 **

0.9130 *

0.9110 **

0.9100

0.9092 last

0.9040

0.9030 **

0.9020 *

0.9010 **

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