FxWirePro: USD/SGD hits fresh 3-month high at 1.3832 mark, stay long
USD/SGD is currently trading around 1.3813 marks. It made intraday high at 1.3832 and low at 1.3754 levels. Intraday bias remains bullish for the moment. A daily close above 1.3772 will test key resistances at 1.3836, 1.…
It made intraday high at 1.3832 and low at 1.3754 levels.
Intraday bias remains bullish for the moment.
A daily close above 1.3772 will test key resistances at 1.3836, 1.3854, 1.3888 and 1.3945 marks respectively.
Alternatively, a consistent close below 1.3772 will drag the parity down towards key supports at 1.3722, 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 1.3800, stop loss at 1.3740 and target of 1.3888.
