USD/SGD is currently trading around 1.4120 marks. It made intraday high at 1.4138 and low at 1.4113 levels. Intraday bias remains neutral till the time pair holds key support at 1.4110 marks. A daily close above 1.4123 w…
It made intraday high at 1.4138 and low at 1.4113 levels.
Intraday bias remains neutral till the time pair holds key support at 1.4110 marks.
A daily close above 1.4123 will test key resistances at 1.4219, 1.4266, 1.4327, 1.4409, 1.4506, 1.4568, 1.4686 and 1.4851 levels respectively.
Alternatively, a consistent close below 1.4123 will drag the parity down towards key supports at 1.4090/1.3975/1.3851/1.3775/1.3704/1.3646 levels respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position in USD/SGD only below 1.4110, stop loss 1.4219 and target of 1.4027.
