FxWirePro: USD/SGD touches 1.3729 mark in early Asia, stay long
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.…
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.
