FxWirePro: USD/SGD remains well supported above 1.39 mark, sustained close above 1.3959 targets 1.4045
USD/SGD is currently trading around 1.3935 marks. It made intraday high at 1.3947 and low at 1.3921 levels. Intraday bias remains bullish till the time pair holds key support at 1.3854 marks. A sustained close above 1.39…
It made intraday high at 1.3947 and low at 1.3921 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3854 marks.
A sustained close above 1.3959 will test key resistances at 1.3989, 1.4045, 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover) marks respectively.
Alternatively, a consistent break below 1.3854 will drag the parity down towards key supports at 1.3775/1.3704/1.3646/1.3587/1.3510/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to go long on USD/SGD only above 1.3959 with stop loss at 1.3854 and target of 1.4045.
