• FxWirePro: USD/SGD back above 1.37 Mark, good to buy on dips

    Source: FxWire Pro - Technicals / 19 Jul 2018 23:25:22   America/New_York

    • USD/SGD is currently trading around 1.3705 marks.
       
    • It made intraday high at 1.3737 and low at 1.3685 levels.
       
    • Intraday bias remains neutral till the time pair holds key resistance at 1.3745 levels.
       
    • A daily close above 1.3705 will test key resistances at 1.3745, 1.3788, 1.3854 and 1.3905 levels respectively.
       
    • Alternatively, a consistent close below 1.3705 will drag the parity down towards key support at 1.3670/1.3587/1.3530/1.3496/1.3430/1.3390 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 1.3690, stop loss at 1.3640 and target of 1.3745/1.3788.

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