USD/SGD is currently trading around 1.3725 marks. It made intraday high at 1.3730 and low at 1.3715 levels. Intraday bias remains neutral till the time pair moves in stiff boundaries from 1.3750 to 1.3687 levels. A daily…
It made intraday high at 1.3730 and low at 1.3715 levels.
Intraday bias remains neutral till the time pair moves in stiff boundaries from 1.3750 to 1.3687 levels.
A daily close above 1.3723 will test key resistances at 1.3770, 1.3790, 1.3838, 1.3872, 1.3905, 1.3948 and 1.4050 levels respectively.
Alternatively, a consistent close below 1.3723 will drag the parity down towards key supports at 1.3687/1.3668/1.3620/1.3570/1.3510 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 1.3740, stop loss at 1.3687 and target of 1.3790/1.3838.
