FxWirePro: USD/SGD remains well supported above 1.3650 mark, good to sell on rallies
USD/SGD is currently trading around 1.3678 marks. It made intraday high at 1.3687 and low at 1.3658 levels. Intraday bias remains slightly bullish for the moment. A daily close above 1.3666 will test key resistances at 1…
It made intraday high at 1.3687 and low at 1.3658 levels.
Intraday bias remains slightly bullish for the moment.
A daily close above 1.3666 will test key resistances at 1.3760, 1.3838, 1.3854, 1.3896 and 1.3945 marks respectively.
Alternatively, a consistent close below 1.3666 will drag the parity down towards key supports at 1.3650, 1.3625, 1.3599 and 1.3570 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 around 1.3680, stop loss at 1.3730 and target of 1.3599.
