Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/SGD hovers around 1.31 mark, bias remains neutral

  • USD/SGD is currently trading around 1.3107 marks.
     
  • It made intraday high at 1.3121 and low at 1.3103 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 1.3132 marks.
     
  • A daily close above 1.3132 will test key resistances at 1.3255, 1.3290, 1.3340, 1.3438 and 1.3532 levels respectively.
     
  • Alternatively, a consistent close below 1.3090 will drag the parity down towards key support at 1.3005/1.2855/1.2754 levels respectively.
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take short position on USD/SGD only below 1.3090, stop loss at 1.3154 and target of 1.3005.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

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