FxWirePro: USD/SGD touches 1.3882 mark in early hours of Asia, hits highest level since Jan 2017
USD/SGD is currently trading around 1.3857 marks. It made intraday high at 1.3882 and low at 1.3851 levels. Intraday bias remains bullish till the time pair holds key support at 1.3820 mark. A daily close above 1.3849 wi…
It made intraday high at 1.3882 and low at 1.3851 levels.
Intraday bias remains bullish till the time pair holds key support at 1.3820 mark.
A daily close above 1.3849 will test key resistances at 1.3888, 1.3945 and 1.4012 marks respectively.
Alternatively, a consistent close below 1.3820 will drag the parity down towards key supports at 1.3794, 1.3754, 1.3670, 1.3640, 1.3590, 1.3550, 1.3512 and 1.3454 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 1.3850, stop loss at 1.3820 and target of 1.3945.
