USD/SGD is currently trading around 1.4235 marks. It made intraday high at 1.4258 and low at 1.4205 levels. Intraday bias remains bullish till the time pair holds key support at 1.4178 marks. A daily close above 1.4205 w…
It made intraday high at 1.4258 and low at 1.4205 levels.
Intraday bias remains bullish till the time pair holds key support at 1.4178 marks.
A daily close above 1.4205 will test key resistances at 1.4297, 1.4409, 1.4506, 1.4568, 1.4686 and 1.4851 levels respectively.
Alternatively, a consistent close below 1.4205 will drag the parity down towards key supports at 1.4136/1.4083/1.3972/1.3819/1.3775/1.3704/1.3646 levels respectively.
We prefer to take long position in USD/SGD around 1.4225, stop loss 1.4205 and target of 1.4297.
