USD/SGD is currently trading around 1.3726 marks. It made intraday high at 1.3745 and low at 1.3688 levels. Intraday bias remains bullish till the time pair holds key support at 1.3625 mark. A daily close above 1.3692 wi…
It made intraday high at 1.3745 and low at 1.3688 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3625 mark.
A daily close above 1.3692 will test key resistances at 1.3788, 1.3854 and 1.3905 levels respectively.
Alternatively, a consistent close below 1.3692 will drag the parity down towards key support at 1.3625/1.3551/1.3502/1.3430/1.3390 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 1.3710, stop loss 1.3620 and target of 1.3788.
