AUD/SGD may fall 53 - 73 pips

0.9000 is our pivot point.

Our preference

The downside prevails as long as 0.9000 is resistance.

Alternative scenario

The upside breakout of 0.9000, would call for 0.9020 and 0.9040.

Comment

The RSI is below its neutrality area at 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 0.8980 and 0.8981).

Supports and resistances

0.9040 **

0.9020 *

0.9000 **

0.8990

0.8973 last

0.8920

0.8900 **

0.8890 *

0.8870 **

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