AUD/CAD may rise 25 - 37 pips

0.9134 is our pivot point.

Our preference

As long as 0.9134 is support look for 0.9188.

Alternative scenario

The downside breakout of 0.9134 would call for 0.9114 and 0.9102.

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 0.9144 and 0.9126).

Supports and resistances

0.9213 **

0.9200 *

0.9188 **

0.9176

0.9151 last

0.9142

0.9134 **

0.9114 *

0.9102 **

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