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- USD/SGD is currently trading around 1.4235 marks.
- It made intraday high at 1.4258 and low at 1.4205 levels.
- Intraday bias remains bullish till the time pair holds key support at 1.4178 marks.
- A daily close above 1.4205 will test key resistances at 1.4297, 1.4409, 1.4506, 1.4568, 1.4686 and 1.4851 levels respectively.
- Alternatively, a consistent close below 1.4205 will drag the parity down towards key supports at 1.4136/1.4083/1.3972/1.3819/1.3775/1.3704/1.3646 levels respectively.
We prefer to take long position in USD/SGD around 1.4225, stop loss 1.4205 and target of 1.4297.
