Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Singapore dollar trades flat in early Asia, stay neutral

  • USD/SGD is currently trading around 1.3841 marks.
     
  • It made intraday high at 1.3843 and low at 1.3833 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 1.3870 mark.
     
  • A daily close above 1.3842 will test key resistances at 1.3870, 1.3945, 1.3984 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 and 1.3670 levels respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.

We prefer to take long position on USD/SGD only above 1.3857, stop loss at 1.3820 and target of 1.3945.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.