FxWirePro: USD/SGD fails to fall below 1.4220 mark, stay long only above 1.4290 mark
USD/SGD is currently trading around 1.4286 marks. It made intraday high at 1.4290 and low at 1.4230 levels. Intraday bias remains bullish till the time pair holds key support at 1.4210 mark. A daily close above 1.4220 wi…
It made intraday high at 1.4290 and low at 1.4230 levels.
Intraday bias remains bullish till the time pair holds key support at 1.4210 mark.
A daily close above 1.4220 will test key resistances at 1.4290, 1.4326, 1.4360, 1.4542, 1.4606, 1.47, 1.4762, 1.4818 and 1.4850 marks respectively.
Alternatively, a consistent close below 1.4220 will drag the parity down towards key supports at 1.4174, 1.4102, 1.4044, 1.3938 and 1.3870 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 1.4290, stop loss at 1.4220 and target of 1.4360/1.44.
