FxWirePro: Singapore dollar trades marginally lower in early Asia, stay bullish
USD/SGD is currently trading around 1.3680 marks. It made intraday high at 1.3681 and low at 1.3663 levels. Intraday bias remains bullish till the time pair holds key support at 1.3650 mark. A daily close above 1.3670 wi…
It made intraday high at 1.3681 and low at 1.3663 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3650 mark.
A daily close above 1.3670 will test key resistances at 1.3699, 1.3760, 1.3838, 1.3854, 1.3896 and 1.3945 marks respectively.
Alternatively, a consistent close below 1.3670 will drag the parity down towards key supports at 1.3622, 1.3599, 1.3570 and 1.3458 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 around 1.3675, stop loss at 1.3650 and target of 1.3699/1.3760.
