AUD/SGD may fall 53 - 73 pips

0.9030 is our pivot point.

Our preference

The downside prevails as long as 0.9030 is resistance.

Alternative scenario

Above 0.9030, look for 0.9050 and 0.9070.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9017 and 0.9017).

Supports and resistances

0.9070 **

0.9050 *

0.9030 **

0.9020

0.9013 last

0.8960

0.8940 **

0.8930 *

0.8910 **

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