AUD/SGD may rise to 0.9200 - 0.9310

0.8810 is our pivot point.

Our preference

The upside prevails as long as 0.8810 is support.

Alternative scenario

The downside breakout of 0.8810 would call for 0.8630 and 0.8530.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8919 and 0.8845).

Supports and resistances

0.9520 **

0.9410 *

0.9310 **

0.9200

0.8955 last

0.8870

0.8810 **

0.8630 *

0.8530 **

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