• FxWirePro: USD/SGD hits fresh 3-month high at 1.3832 Mark, stay long

    Source: FxWire Pro - Technicals / 04 Aug 2019 23:11:59   America/New_York

    • USD/SGD is currently trading around 1.3813 marks.
       
    • It made intraday high at 1.3832 and low at 1.3754 levels.
       
    • Intraday bias remains bullish for the moment.
       
    • A daily close above 1.3772 will test key resistances at 1.3836, 1.3854, 1.3888 and 1.3945 marks respectively.
       
    • Alternatively, a consistent close below 1.3772 will drag the parity down towards key supports at 1.3722, 1.3670, 1.3640, 1.3590, 1.3550, 1.3512 and 1.3454 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 1.3800, stop loss at 1.3740 and target of 1.3888.

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