FxWirePro: USD/SGD hits fresh 3-week high at 1.3830 mark, stay long
USD/SGD is currently trading around 1.3822 marks. It made intraday high at 1.3830 and low at 1.3817 levels. Intraday bias remains bullish till the time pair holds key support at 1.3790 mark. A daily close above 1.3822 wi…
It made intraday high at 1.3830 and low at 1.3817 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3790 mark.
A daily close above 1.3822 will test key resistances at 1.3857, 1.3913, 1.3945, 1.3984 and 1.4012 marks respectively.
Alternatively, a consistent close below 1.3822 will drag the parity down towards key supports at 1.3790, 1.3738, 1.3667, 1.3622 and 1.3580 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 1.3820, stop loss at 1.3790 and target of 1.3857/1.3913.
