USD/SGD is currently trading around 1.3722 marks. It made intraday high at 1.3729 and low at 1.3710 levels. Intraday bias remains slightly bullish for the moment. A daily close above 1.3715 will test key resistances at 1…
It made intraday high at 1.3729 and low at 1.3710 levels.
Intraday bias remains slightly bullish for the moment.
A daily close above 1.3715 will test key resistances at 1.3740, 1.3770, 1.3790, 1.3838, 1.3872, 1.3905, 1.3948 and 1.4050 levels respectively.
Alternatively, a consistent close below 1.3715 will drag the parity down towards key supports at 1.3690/1.3668/1.3620/1.3570/1.3510 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 around 1.3715, stop loss at 1.3690 and target of 1.3770.
