Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/SGD jumps above 1.3700 mark, stay bullish

  • 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 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.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.