FxWirePro: Countdown begins for the final decision on Brexit, USD/SGD hits fresh 6 –day high
USD/SGD is currently trading around 1.3445 marks. It made intraday high at 1.3535 and low at 1.3365 levels. Intraday bias remains bullish till the time pair holds key support at 1.3357 levels. A daily close below 1.3357 …
It made intraday high at 1.3535 and low at 1.3365 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3357 levels.
A daily close below 1.3357 (April 20, 2016 low) will drag the parity down towards key supports at 1.3318/1.3302/ 1.3271 levels.
Alternatively, reversal from key support will test key resistances at 1.3437, 1.3493, 1.3535, 1.3622, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).
We prefer to take long position in USD/SGD around 1.3375, stop loss 1.3310 and target 1.3535/ 1.3622 marks.
