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- USD/SGD is currently trading around 1.3709 marks.
- It made intraday high at 1.3729 and low at 1.3685 levels.
- Intraday bias remains bullish for the moment.
- A daily close above 1.3689 will test key resistances at 1.3738, 1.3770 and 1.3790 marks respectively.
- Alternatively, a consistent close below 1.3689 will drag the parity down towards key supports at 1.3643, 1.3590, 1.3550, 1.3457, 1.3387, 1.3350 and 1.3267 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 long position on USD/SGD around 1.3700, stop loss at 1.3680 and target of 1.3770.
