FxWirePro: USD/SGD hits fresh 9-month high at 1.4138, consistent break above targets 1.4336
USD/SGD is currently trading around 1.4133 marks. It made intraday high at 1.4138 and low at 1.4100 levels. Intraday bias remains bullish till the time pair holds key support at 1.3972 marks. A sustained close above 1.41…
It made intraday high at 1.4138 and low at 1.4100 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3972 marks.
A sustained close above 1.4132 will test key resistances at 1.4228, 1.4336 and 1.4443 levels respectively.
Alternatively, a consistent break below 1.3972 will drag the parity down towards key supports at 1.3819/1.3775/1.3704/1.3646/1.3587/1.3510/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to go long on USD/SGD around 1.4060 with stop loss at 1.3972 and target of 1.4228/1.4336.
