FxWirePro: USD/SGD trades flat at 1.3820 mark on account of Singapore’s bank holiday
USD/SGD is currently trading around 1.3818 marks. It made intraday high at 1.3834 and low at 1.3815 levels. Intraday bias remains neutral for the moment. A daily close above 1.3847 will test key resistances at 1.3888, 1.…
It made intraday high at 1.3834 and low at 1.3815 levels.
Intraday bias remains neutral for the moment.
A daily close above 1.3847 will test key resistances at 1.3888, 1.3945 and 1.4012 marks respectively.
Alternatively, a consistent close below 1.3816 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.
Positioning is inconclusive at this point. We remain sideways for the time being.
