AUD/SGD may rise 27 - 47 pips

Our pivot point is at 0.8960.

Our preference

The upside prevails as long as 0.8960 is support.

Alternative scenario

The downside breakout of 0.8960 would call for 0.8930 and 0.8920.

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 0.8994 and 0.9000).

Supports and resistances

0.9070 **

0.9060 *

0.9050 **

0.9030

0.9003 last

0.8970

0.8960 **

0.8930 *

0.8920 **

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