USD/SGD is currently trading around 1.4208 marks. It made intraday high at 1.4227 and low at 1.4201 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1.4136 marks. A daily close above…
It made intraday high at 1.4227 and low at 1.4201 levels.
Intraday bias remains slightly bullish till the time pair holds key support at 1.4136 marks.
A daily close above 1.4204 will test key resistances at 1.4297, 1.4409, 1.4506, 1.4568, 1.4686 and 1.4851 levels respectively.
Alternatively, a consistent close below 1.4204 will drag the parity down towards key supports at 1.4136/1.4083/1.3972/1.3819/1.3775/1.3704/1.3646 levels respectively.
We prefer to take long position in USD/SGD around 1.4205, stop loss 1.4136 and target of 1.4297.
