AUD/CAD may rise 26 - 39 pips

0.9025 is our pivot point.

Our preference

As long as 0.9025 is support look for 0.9092.

Alternative scenario

The downside breakout of 0.9025 would call for 0.9004 and 0.8992.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (0.9054) but above its 50 period moving average (0.9039).

Supports and resistances

0.9117 **

0.9104 *

0.9092 **

0.9079

0.9053 last

0.9034

0.9025 **

0.9004 *

0.8992 **

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