FxWirePro: USD/SGD hits fresh 2-week high at 1.3701 mark, bias turns bullish again
USD/SGD is currently trading around 1.3690 marks. It made intraday high at 1.3701 and low at 1.3683 levels. Intraday bias remains bullish till the time pair holds key support at 1.3652 mark. A daily close above 1.3690 wi…
It made intraday high at 1.3701 and low at 1.3683 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3652 mark.
A daily close above 1.3690 will test key resistances at 1.3745, 1.3788, 1.3854 and 1.3905 levels respectively.
Alternatively, a consistent close below 1.3690 will drag the parity down towards key support at 1.3652/1.3570/1.3530/1.3496/1.3430/1.3390 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 1.3685, stop loss at 1.3652 and target of 1.3745/1.3788.
