AUD/CAD may rise 28 - 39 pips

Our pivot point stands at 0.9092.

Our preference

The upside prevails as long as 0.9092 is support.

Alternative scenario

Below 0.9092, expect 0.9074 and 0.9062.

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 0.9116 and 0.9110).

Supports and resistances

0.9180 **

0.9169 *

0.9157 **

0.9146

0.9118 last

0.9100

0.9092 **

0.9074 *

0.9062 **

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