FxWirePro: USD/SGD fails to find support below 1.42 mark, good to go long on dips
USD/SGD is currently trading around 1.4217 marks. It made intraday high at 1.4219 and low at 1.4179 levels. Intraday bias remains bullish till the time pair holds key support at 1.4170 mark. A daily close above 1.4190 wi…
It made intraday high at 1.4219 and low at 1.4179 levels.
Intraday bias remains bullish till the time pair holds key support at 1.4170 mark.
A daily close above 1.4190 will test key resistances at 1.4278, 1.4318, 1.4360, 1.4444, 1.4542, 1.4606, 1.47, 1.4762, 1.4818 and 1.4850 marks respectively.
Alternatively, a consistent close below 1.4190 will drag the parity down towards key supports at 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 1.4200, stop loss at 1.4170 and target of 1.4278/1.4318.
