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- Pair is currently trading at 1.3805 levels.
- It made intraday high at 1.3818 and low at 1.3732 levels.
- Intraday bias remains bullish till the time pair holds key support at 1.3732 levels.
- A sustained break of key support will drag the parity around 1.3322 marks.
- Alternatively, reversal from 1.3732 will take the parity around 1.40 marks.
- Important to note here that key resistance falls at 1.4044 marks. A daily close above 1.4044 is required to turn the bias bullish otherwise pair likely to consolidate below 1.4044 levels.
Trading call: Buy USD/SGD around 1.38, stop loss 1.3732 and book profit around 1.40 levels.
