USD/SGD is currently trading around 1.3825 marks. It made intraday high at 1.3862 and low at 1.3821 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3872 mark. A daily close above 1.3856…
It made intraday high at 1.3862 and low at 1.3821 levels.
Intraday bias remains bearish till the time pair holds key resistance at 1.3872 mark.
A daily close above 1.3856 will test key resistances at 1.3872, 1.3905, 1.3948 and 1.4050 levels respectively.
Alternatively, a consistent close below 1.3856 will drag the parity down towards key supports at 1.3790/1.3772/1.3730/1.3690/1.3654/1.3620/1.3570/1.3510/1.3450 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 short position on USD/SGD only below 1.3790, stop loss at 1.3850 and target of 1.3730.
