USD/SGD is currently trading around 1.3747 marks. It made intraday high at 1.3759 and low at 1.3727 levels. Intraday bias remains bullish till the time pair holds key support at 1.3723. A sustained close above 1.3732 tes…
It made intraday high at 1.3759 and low at 1.3727 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3723.
A sustained close above 1.3732 tests key resistances at 1.3772 (July 31, 2015 high)/ 1.3817/ 1.3842 (March 08, 2016 high) marks respectively.
A daily close below 1.3656 will drag the parity down towards key supports 1.3628 (55D EMA) /1.3548/1.3420 (April 13, 2016 low) /1.3357 (April 20, 2016 low) /1.3318/1.3302 levels.
We prefer to take long position in USD/SGD around 1.3730, stop loss 1.3654 and target 1.3805/ 1.3842 marks.
