AUD/SGD may rise 23 - 33 pips

0.8940 is our pivot point.

Our preference

The upside prevails as long as 0.8940 is support.

Alternative scenario

Below 0.8940, expect 0.8920 and 0.8900.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8971 and 0.8972).

Supports and resistances

0.9040 **

0.9030 *

0.9010 **

0.9000

0.8977 last

0.8940

0.8940 **

0.8920 *

0.8900 **

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