FxWirePro: USD/SGD hits fresh 5-month high at 1.3437 mark, stay bullish
USD/SGD is currently trading around 1.3419 marks. It made intraday high at 1.3437 and low at 1.3398 levels. Intraday bias remains bullish till the time pair holds key support at 1.3350 mark. A daily close above 1.3399 wi…
It made intraday high at 1.3437 and low at 1.3398 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3350 mark.
A daily close above 1.3399 will test key resistances at 1.3438, 1.3482, 1.3532 and 1.3587 levels respectively.
Alternatively, a consistent close below 1.3399 will drag the parity down towards key support at 1.3350/1.3311/1.3255/1.3218/1.3150/1.3076/1.3005 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 1.3410, stop loss 1.3350 and target of 1.3482.
