AUD/SGD may rise to 0.9150 - 0.9230

Our pivot point is at 0.8840.

Our preference

As long as 0.8840 is support look for 0.9230.

Alternative scenario

Below 0.8840, expect 0.8700 and 0.8620.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8940 and 0.8862).

Supports and resistances

0.9400 **

0.9320 *

0.9230 **

0.9150

0.8976 last

0.8890

0.8840 **

0.8700 *

0.8620 **

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