Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/SGD remains well supported above 1.3600 mark, sustained close above 1.3692 requires for upside rally

  • USD/SGD is currently trading around 1.3666 marks.
     
  • It made intraday high at 1.3671 and low at 1.3644 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 1.3600 levels.
     
  • A daily close above 1.3692 will test key resistances at 1.3745, 1.3788, 1.3854 and 1.3905 levels respectively.
     
  • Alternatively, a consistent close below 1.3566 will drag the parity down towards key support at 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 1.3665, stop loss at 1.3640 and target of 1.3692/1.3745.

  • Market Data
Close

Welcome to EconoTimes

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