AUD/CAD may rise to 0.9406 - 0.9483

0.9108 is our pivot point.

Our preference

The upside prevails as long as 0.9108 is support.

Alternative scenario

The downside breakout of 0.9108 would call for 0.8979 and 0.8902.

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 above its 20 and 50 period moving average (respectively at 0.9152 and 0.9107).

Supports and resistances

0.9638 **

0.9560 *

0.9483 **

0.9406

0.9219 last

0.9159

0.9108 **

0.8979 *

0.8902 **

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