FxWirePro: USD/SGD remains well supported above 1.44 mark, stay bullish
USD/SGD is currently trading around 1.4470 marks. It made intraday high at 1.4474 and low at 1.4436 levels. Intraday bias remains bullish till the time pair holds key support at 1.4406 mark. A sustained close above 1.446…
It made intraday high at 1.4474 and low at 1.4436 levels.
Intraday bias remains bullish till the time pair holds key support at 1.4406 mark.
A sustained close above 1.4460 will test key resistances at 1.4506, 1.4533, 1.4686 and 1.4851 levels respectively.
Alternatively, a consistent close below 1.4460 will drag the parity down towards key supports at 1.4406/1.4357/1.4219/1.4150/1.4046/1.3972/1.3819/1.3775/1.3704/1.3646 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 go long on USD/SGD only above 1.4475, stop loss at 1.4433 and target of 1.4506/1.4533/1.4662.
