FxWirePro: USD/SGD trades in narrow range, bias remains bullish
USD/SGD is currently trading around 1.3657 marks. It made intraday high at 1.3663 and low at 1.3637 levels. Intraday bias remains slightly bullish til the time pair holds key support at 1.3600 mark. A daily close above 1…
It made intraday high at 1.3663 and low at 1.3637 levels.
Intraday bias remains slightly bullish til the time pair holds key support at 1.3600 mark.
A daily close above 1.3656 will test key resistances at 1.3692, 1.3745, 1.3788, 1.3854 and 1.3905 levels respectively.
Alternatively, a consistent close below 1.3656 will drag the parity down towards key support at 1.3570/1.3530/1.3496/1.3430/1.3390 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 1.3650, stop loss at 1.3600 and target of 1.3692/1.3714.
