AUD/SGD may fall to 0.8700 - 0.8760

Our pivot point is at 0.9030.

Our preference

The downside prevails as long as 0.9030 is resistance.

Alternative scenario

The upside breakout of 0.9030, would call for 0.9140 and 0.9200.

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 0.9036 and 0.8989). Finally, the AUD/SGD has penetrated its lower Bollinger band (0.8932).

Supports and resistances

0.9200 **

0.9140 *

0.9030 **

0.8980

0.8915 last

0.8760

0.8700 **

0.8630 *

0.8570 **

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