FxWirePro: USD/SGD jumps above 1.37 mark in early hours of Asia, stay bullish
USD/SGD is currently trading around 1.3709 marks. It made intraday high at 1.3711 and low at 1.3684 levels. Intraday bias remains bullish till the time pair holds key support at 1.3670 mark. A daily close above 1.3696 wi…
It made intraday high at 1.3711 and low at 1.3684 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3670 mark.
A daily close above 1.3696 will test key resistances at 1.3738, 1.3760, 1.3813, 1.3854 and 1.3945 marks respectively.
Alternatively, a consistent close below 1.3696 will drag the parity down towards key supports at 1.3640, 1.3590, 1.3550, 1.3512 and 1.3454 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 around 1.3700, stop loss at 1.3668 and target of 1.3738/1.3760.
