FxWirePro: USD/SGD hovers around key resistance at 1.3630 mark, sustained close above requires for upside rally
USD/SGD is currently trading around 1.3626 marks. It made intraday high at 1.3636 and low at 1.3625 levels. Intraday bias remains bullish till the time pair holds key support at 1.3600 mark. A daily close above 1.3630 wi…
It made intraday high at 1.3636 and low at 1.3625 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3600 mark.
A daily close above 1.3630 will test key resistances at 1.3672 and 1.3740 marks respectively.
Alternatively, a consistent close below 1.3599 will drag the parity down towards key supports at 1.3570, 1.3522, 1.3490, 1.3422, 1.3378 and 1.3315 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 only abpve 1.3640, stop loss at 1.3599 and target of 1.3672/1.3740.
