FxWirePro: USD/SGD remains well supported above 1.3600 mark, stay bullish only above 1.3637 mark
USD/SGD is currently trading around 1.3624 marks. It made intraday high at 1.3631 and low at 1.3619 levels. Intraday bias remains neutral till the time pair holds key resistance at 1.3637 mark. A daily close above 1.3637…
It made intraday high at 1.3631 and low at 1.3619 levels.
Intraday bias remains neutral till the time pair holds key resistance at 1.3637 mark.
A daily close above 1.3637 will test key resistances at 1.3670, 1.3706, 1.3770, 1.3790, 1.3827, 1.3913, 1.3945, 1.3984 and 1.4012 marks respectively.
Alternatively, a consistent close below 1.3590 will drag the parity down towards key supports at 1.3570, 1.3522, 1.3490, 1.3447 and 1.3387 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 long position on USD/SGD only above 1.3637, stop loss at 1.3606 and target of 1.3670.
