AUD/CAD may rise 28 - 41 pips

0.9113 is our pivot point.

Our preference

As long as 0.9113 is support look for 0.9183.

Alternative scenario

The downside breakout of 0.9113 would call for 0.9091 and 0.9079.

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 price is above its 20 and 50 period moving average (respectively at 0.9134 and 0.9119).

Supports and resistances

0.9208 **

0.9196 *

0.9183 **

0.9170

0.9142 last

0.9121

0.9113 **

0.9091 *

0.9079 **

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