- USD/SGD is currently trading around 1.3752 marks.
- It made intraday high at 1.3761 and low at 1.3725 levels.
- Intraday bias remains bullish till the time pair holds key support at 1.3692 mark.
- A daily close above 1.3734 will test key resistances at 1.3788, 1.3854 and 1.3905 levels respectively.
- Alternatively, a consistent close below 1.3734 will drag the parity down towards key support at 1.3692/1.3615/1.3570/1.3530/1.3496 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 1.3740, stop loss at 1.3692 and target of 1.3788/1.3820 mark.
