FxWirePro: USD/SGD hits fresh 2-week high at 1.3468 mark, good to buy on dips
USD/SGD is currently trading around 1.3460 marks. It made intraday high at 1.3468 and low at 1.3430 levels. Intraday bias remains bullish till the time pair holds key support at 1.3390 mark. A daily close above 1.3450 wi…
It made intraday high at 1.3468 and low at 1.3430 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3390 mark.
A daily close above 1.3450 will test key resistances at 1.3490, 1.3532 and 1.3587 levels respectively.
Alternatively, a consistent close below 1.3450 will drag the parity down towards key support at 1.3390/1.3307/1.3255/1.3218/1.3120 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 1.3452, stop loss 1.3390 and target of 1.3490/1.3532.
