USD/SGD is currently trading around 1.3638 marks. It made intraday high at 1.3643 and low at 1.3623 levels. Intraday bias remains bullish till the time pair holds key support at 1.3613 marks. A sustained close above 1.36…
It made intraday high at 1.3643 and low at 1.3623 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3613 marks.
A sustained close above 1.3685 will test key resistances at 1.3732, 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).
On the other side, a daily close below 1.3613 will drag the parity down towards key supports at 1.3538/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to go long on USD/SGD only above 1.3660 with stop loss at 1.3613 and target of 1.3799.
