AUD/CAD may rise to 0.9277 - 0.9362

Our pivot point is at 0.8951.

Our preference

As long as 0.8951 is support look for 0.9362.

Alternative scenario

Below 0.8951, expect 0.8811 and 0.8727.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.9089 and 0.8988).

Supports and resistances

0.9530 **

0.9446 *

0.9362 **

0.9277

0.9093 last

0.9007

0.8951 **

0.8811 *

0.8727 **

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