USD/SGD is currently trading around 1.3610 marks. It made intraday high at 1.3616 and low at 1.3579 levels. Intraday bias remains neutral till the time pair holds initial resistance at 1.3627 marks. A sustained close abo…
It made intraday high at 1.3616 and low at 1.3579 levels.
Intraday bias remains neutral till the time pair holds initial resistance at 1.3627 marks.
A sustained close above 1.3638 will test key resistances at 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).
On the other side, a daily close below 1.3562 will drag the parity down towards key supports at 1.3488/1.3452/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.
We prefer to go long on USD/SGD only above 1.3627 with stop loss at 1.3532 and target of 1.3799.
