Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/SGD stable around 1.3850 mark, upside limited

  • USD/SGD is currently trading around 1.3852 marks.
     
  • It made intraday high at 1.3855 and low at 1.3836 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.3836 marks.
     
  • A sustained close above 1.3860 will test key resistances at 1.3917, 1.4045, 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover) marks respectively.
     
  • Alternatively, a consistent break below 1.3836 will drag the parity down towards key supports at 1.3775/1.3704/1.3646/1.3587/1.3510/1.3462/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.

We prefer to go short on USD/SGD only below 1.3842 with stop loss at 1.3917 and target of 1.3775.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.