FxWirePro: USD/SGD hovers around fresh 9-month high at 1.4289, consistent break above targets 1.4336
USD/SGD is currently trading around 1.4258 marks. It made intraday high at 1.4281 and low at 1.4252 levels. Intraday bias remains bullish till the time pair holds key support at 1.4128 marks. A sustained close above 1.42…
It made intraday high at 1.4281 and low at 1.4252 levels.
Intraday bias remains bullish till the time pair holds key support at 1.4128 marks.
A sustained close above 1.4289 will test key resistances at 1.4336, 1.4443 and 1.4481 levels respectively.
Alternatively, a consistent close below 1.4128 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 1.4289 with stop loss at 1.4202 and target of 1.4402.