USD/SGD is currently trading around 1.3806 marks. It made intraday high at 1.3811 and low at 1.3798 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1.3790 mark. A daily close above …
It made intraday high at 1.3811 and low at 1.3798 levels.
Intraday bias remains slightly bullish till the time pair holds key support at 1.3790 mark.
A daily close above 1.3815 will test key resistances at 1.3838, 1.3872, 1.3905 and 1.3948 levels respectively.
Alternatively, a consistent close below 1.3790 will drag the parity down towards key supports at 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 long position on USD/SGD around 1.3805, stop loss at 1.3772 and target of 1.3872.
