USD/SGD is currently trading around 1.4251 marks. It made intraday high at 1.4252 and low at 1.4230 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1.4210 mark. A sustained close ab…
It made intraday high at 1.4252 and low at 1.4230 levels.
Intraday bias remains slightly bullish till the time pair holds key support at 1.4210 mark.
A sustained close above 1.4272 will test key resistances at 1.4334, 1.4365, 1.4443, 1.4481 and 1.4556 levels respectively.
Alternatively, a consistent close below 1.4225 will drag the parity down towards key supports at 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 around 1.4240, stop loss at 1.42 and target of 1.4334.
