- USD/SGD is currently trading around 1.4180 marks.
- It made intraday high at 1.4196 and low at 1.4044 levels.
- Intraday bias remains bullish for the moment.
- A daily close above 1.4148 will test key resistances at 1.4234, 1.4290 and 1.4357 marks respectively.
- Alternatively, a consistent close below 1.4148 will drag the parity down towards key supports at 1.4044, 1.3938, 1.3870, 1.3838, 1.3790, 1.3748, 1.3702, 1.3643 and 1.3590 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 1.4170, stop loss 1.4100 and target of 1.4290.
