FxWirePro: USD/SGD stabilizes below 1.4150 mark, faces strong support at 1.4122 mark
USD/SGD is currently trading around 1.4141 marks. It made intraday high at 1.4145 and low at 1.4130 levels. Intraday bias remains neutral till the time pair holds key support at 1.4122 mark. A daily close above 1.4155 wi…
It made intraday high at 1.4145 and low at 1.4130 levels.
Intraday bias remains neutral till the time pair holds key support at 1.4122 mark.
A daily close above 1.4155 will test key resistances at 1.4190, 1.4257, 1.4296, 1.4326, 1.4360, 1.4542, 1.4606, 1.47, 1.4762, 1.4818 and 1.4850 marks respectively.
Alternatively, a consistent close below 1.4122 will drag the parity down towards key supports at 1.4097, 1.4062, 1.3938 and 1.3870 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 above 1.4172, stop loss at 1.4120 and target of 1.4257/1.4296.
