FxWirePro: USD/SGD slips below 1.37 mark, faces immediate support at 1.3665 mark
USD/SGD is currently trading around 1.3678 marks. It made intraday high at 1.3679 and low at 1.3662 levels. Intraday bias remains neutral till the time pair holds key support at 1.3665 marks. A daily close above 1.3712 w…
It made intraday high at 1.3679 and low at 1.3662 levels.
Intraday bias remains neutral till the time pair holds key support at 1.3665 marks.
A daily close above 1.3712 will test key resistances at 1.3760, 1.3813, 1.3854 and 1.3945 marks respectively.
Alternatively, a consistent close below 1.3665 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 only below 1.3662, stop loss at 1.3690 and target of 1.3599.