FxWirePro: USD/SGD touches 1.3867 mark in early Asia, stay long
USD/SGD is currently trading around 1.3842 marks. It made intraday high at 1.3867 and low at 1.3799 levels. Intraday bias remains bullish for the moment. A daily close above 1.3812 will test key resistances at 1.3878, 1.…
It made intraday high at 1.3867 and low at 1.3799 levels.
Intraday bias remains bullish for the moment.
A daily close above 1.3812 will test key resistances at 1.3878, 1.3942 and 1.3988 marks respectively.
Alternatively, a consistent close below 1.3812 will drag the parity down towards key supports at 1.3748, 1.3702, 1.3643 and 1.3590 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 1.3840, stop loss at 1.3790 and target of 1.39/1.3942.
