• FxWirePro: Singapore Dollar falls gradually against U.S. Dollar, stay long

    Source: FxWire Pro - Technicals / 30 Sep 2019 23:38:56   America/New_York

    • USD/SGD is currently trading around 1.3836 marks.
       
    • It made intraday high at 1.3840 and low at 1.3816 levels.
       
    • Intraday bias remains bullish till the time pair holds key support at 1.3790 mark.
       
    • A daily close above 1.3822 will test key resistances at 1.3857, 1.3913, 1.3945, 1.3984 and 1.4012 marks respectively.
       
    • Alternatively, a consistent close below 1.3787 will drag the parity down towards key supports at 1.3738, 1.3667, 1.3622 and 1.3580 levels respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

    We prefer to take long position on USD/SGD around 1.3825, stop loss at 1.3790 and target of 1.3857/1.3913.

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