FxWirePro: Singapore dollar falls to lowest level since September 2009
USD/SGD is currently trading around 1.4483 marks. It made intraday high at 1.4493 and low at 1.4471 levels. Intraday bias remains bullish till the time pair holds key support at 1.4406 mark. A sustained close above 1.449…
It made intraday high at 1.4493 and low at 1.4471 levels.
Intraday bias remains bullish till the time pair holds key support at 1.4406 mark.
A sustained close above 1.4496 will test key resistances at 1.4533, 1.4686 and 1.4851 levels respectively.
Alternatively, a consistent close below 1.4406 will drag the parity down towards key supports at 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 only above 1.4496, stop loss at 1.4406 and target of 1.4533/1.4662.
