FxWirePro: USD/SGD hits fresh 3-month high at 1.3767 mark, stay bullish
USD/SGD is currently trading around 1.3756 marks. It made intraday high at 1.3767 and low at 1.3736 levels. Intraday bias remains bullish for the moment. A daily close above 1.3742 will test key resistances at 1.3813, 1.…
It made intraday high at 1.3767 and low at 1.3736 levels.
Intraday bias remains bullish for the moment.
A daily close above 1.3742 will test key resistances at 1.3813, 1.3854 and 1.3945 marks respectively.
Alternatively, a consistent close below 1.3742 will drag the parity down towards key supports at 1.3670, 1.3640, 1.3590, 1.3550, 1.3512 and 1.3454 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 1.3740, stop loss at 1.3690 and target of 1.3813.
