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FxWirePro: USD/SGD hovers around key support at 1.3798 mark, sustained close below requires for downside rally

Tuesday, September 10, 2019 3:57 AM UTC

USD/SGD is currently trading around 1.3805 marks.
It made intraday high at 1.3813 and low at 1.3796 levels.
Intraday bias remains neutral till the time pair holds key support at 1.3798 mark.
A daily close above 1.3798 will test key resistances at 1.3857, 1.3913, 1.3945, 1.3984 and 1.4012 marks respectively.
Alternatively, a consistent close below 1.3798 will drag the parity down towards key supports at 1.3770, 1.3732 and 1.3668 levels respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.

We prefer to take long position on USD/SGD only above 1.3822, stop loss at 1.3790 and target of 1.3857/1.3913.

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FxWirePro: USD/SGD hovers around key support at 1.3798 mark, sustained close below requires for downside rally

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