AUD/CAD may rise 25 - 36 pips

Our pivot point stands at 0.9080.

Our preference

The upside prevails as long as 0.9080 is support.

Alternative scenario

The downside breakout of 0.9080 would call for 0.9061 and 0.9050.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.9100 and 0.9094).

Supports and resistances

0.9164 **

0.9153 *

0.9141 **

0.9130

0.9105 last

0.9087

0.9080 **

0.9061 *

0.9050 **

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