AUD/SGD may rise to 0.9160 - 0.9240

Our pivot point stands at 0.8850.

Our preference

As long as 0.8850 is support look for 0.9240.

Alternative scenario

The downside breakout of 0.8850 would call for 0.8720 and 0.8640.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8953 and 0.8877).

Supports and resistances

0.9390 **

0.9320 *

0.9240 **

0.9160

0.8973 last

0.8900

0.8850 **

0.8720 *

0.8640 **

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