FxWirePro: USD/SGD fails to find support below 1.4190 mark, bias turns bullish again
USD/SGD is currently trading around 1.4268 marks. It made intraday high at 1.4283 and low at 1.4204 levels. Intraday bias remains bullish till the time pair holds key support at 1.4190 mark. A daily close above 1.4276 wi…
It made intraday high at 1.4283 and low at 1.4204 levels.
Intraday bias remains bullish till the time pair holds key support at 1.4190 mark.
A daily close above 1.4276 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 1.4210 will drag the parity down towards key supports at 1.4182, 1.4150, 1.4097, 1.4062, 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 around 1.4255, stop loss at 1.4200 and target of 1.4290/1.4326.
