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- USD/SGD is currently trading around 1.3571 marks.
- It made intraday high at 1.3577 and low at 1.3551 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 1.3568 will test key resistances at 1.3599, 1.3624 and 1.3678 levels respectively.
- Alternatively, a consistent close below 1.3568 will drag the parity down towards key support at 1.3502/1.3430/1.3390/1.3307/1.3255/1.3218/1.3120 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 only above 1.3580, stop loss 1.3550 and target of 1.3624/1.3648.
