- USD/SGD is currently trading around 1.3858 marks.
- It made intraday high at 1.3873 and low at 1.3852 levels.
- Intraday bias remains bullish for the moment.
- A daily close above 1.3857 will test key resistances at 1.3878, 1.3942 and 1.3988 marks respectively.
- Alternatively, a consistent close below 1.3857 will drag the parity down towards key supports at 1.3790, 1.3748, 1.3702, 1.3643 and 1.3590 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Positioning is inconclusive at this point. We remain sideways for the time being.
