- USD/SGD is currently trading around 1.3640 marks.
- It made intraday high at 1.3651 and low at 1.3637 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 1.3651 marks.
- A daily close above 1.3642 will test key resistances at 1.3652, 1.3692, 1.3745, 1.3818, 1.3854 and 1.3905 levels respectively.
- Alternatively, a consistent close below 1.3642 will drag the parity down towards key supports at 1.3607/1.3570/1.3510/1.3450 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 take long position on USD/SGD only above 1.3652, stop loss at 1.3607 and target of 1.3692/1.3720.
