- USD/SGD is currently trading around 1.4485 marks.
- It made intraday high at 1.4490 and low at 1.4469 levels.
- Intraday bias remains bullish till the time pair holds key support at 1.4442 marks.
- A sustained close above 1.4472 will test key resistances at 1.4517, 1.4568, 1.4686 and 1.4851 levels respectively.
- Alternatively, a consistent close below 1.4472 will drag the parity down towards key supports at 1.4410/1.4357/1.4219/1.4150/1.4046/1.3972/1.3819/1.3775/1.3704/1.3646 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to go long on USD/SGD around 1.4480, stop loss at 1.4410 and target of 1.4517/1.4568.
