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FxWirePro: Singapore dollar appreciates in early Asia, faces immediate support at 1.3722 mark

Monday, May 27, 2019 2:11 AM UTC

USD/SGD is currently trading around 1.3732 marks.
It made intraday high at 1.3752 and low at 1.3731 levels.
Intraday bias remains bearish till the time pair holds key resistance at 1.3752 marks.
A daily close above 1.3752 will test key resistances at 1.3805, 1.3838, 1.3854, 1.3896 and 1.3945 marks respectively.
Alternatively, a consistent close below 1.3752 will drag the parity down towards key supports at 1.3722, 1.3690, 1.3650, 1.3625, 1.3599 and 1.3570 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 1.3720, stop loss at 1.3680 and target of 1.3838.

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FxWirePro: Singapore dollar appreciates in early Asia, faces immediate support at 1.3722 mark

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