AUD/CAD may rise 25 - 37 pips

0.9008 is our pivot point.

Our preference

The upside prevails as long as 0.9008 is support.

Alternative scenario

The downside breakout of 0.9008 would call for 0.8988 and 0.8976.

Comment

The RSI is above 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 0.9023 and 0.9023).

Supports and resistances

0.9099 **

0.9087 *

0.9075 **

0.9063

0.9038 last

0.9016

0.9008 **

0.8988 *

0.8976 **

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