Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/SGD trades in narrow range, bias remains slightly bearish

  • USD/SGD is currently trading around 1.3543 marks.
     
  • It made intraday high at 1.3547 and low at 1.3538 levels.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 1.3550 marks.
     
  • A daily close above 1.3547 will test key resistances at 1.3570, 1.3590, 1.3680, 1.3760, 1.3813, 1.3854 and 1.3945 marks respectively.
     
  • Alternatively, a consistent close below 1.3534 will drag the parity down towards key supports at 1.3515, 1.3454 and 1.3388 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 around 1.3545, stop loss at 1.3570 and target of 1.3515.

  • Market Data
Close

Welcome to EconoTimes

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