AUD/CAD may rise 34 - 46 pips

0.8986 is our pivot point.

Our preference

As long as 0.8986 is support look for 0.9058.

Alternative scenario

Below 0.8986, expect 0.8964 and 0.8952.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (0.9014) but above its 50 period moving average (0.8995).

Supports and resistances

0.9083 **

0.9071 *

0.9058 **

0.9046

0.9012 last

0.8994

0.8986 **

0.8964 *

0.8952 **

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