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- USD/SGD is currently trading around 1.3895 marks.
- It made intraday high at 1.3923 and low at 1.3890 levels.
- Intraday bias remains bullish for the moment.
- A daily close above 1.3895 will test key resistances at 1.3942, 1.3988 and 1.4050 marks respectively.
- Alternatively, a consistent close below 1.3895 will drag the parity down towards key supports at 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.
Positioning is inconclusive at this point. We remain sideways for the time being.
