FxWirePro: USD/SGD hits fresh 9-month high in early hours of Asia, stay bullish
USD/SGD is currently trading around 1.4231 marks. It made intraday high at 1.4242 and low at 1.4206 levels. Intraday bias remains bullish till the time pair holds key support at 1.4119 marks. A sustained close above 1.42…
It made intraday high at 1.4242 and low at 1.4206 levels.
Intraday bias remains bullish till the time pair holds key support at 1.4119 marks.
A sustained close above 1.4242 will test key resistances at 1.4336, 1.4443 and 1.4481 levels respectively.
Alternatively, a consistent close below 1.4119 will drag the parity down towards key supports at 1.4046/1.3972/1.3819/1.3775/1.3704/1.3646/1.3587/1.3510/1.3462/1.3391/1.3347/1.3313/1.3302/ 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 only above 1.4242 with stop loss at 1.4119 and target of 1.4481.
