• FxWirePro: USD/SGD remains well supported above 1.3600 Mark, sustained close above 1.3692 requires for upside rally

    Source: FxWire Pro - Technicals / 18 Jul 2018 23:52:05   America/New_York

    • USD/SGD is currently trading around 1.3666 marks.
       
    • It made intraday high at 1.3671 and low at 1.3644 levels.
       
    • Intraday bias remains slightly bullish till the time pair holds key support at 1.3600 levels.
       
    • A daily close above 1.3692 will test key resistances at 1.3745, 1.3788, 1.3854 and 1.3905 levels respectively.
       
    • Alternatively, a consistent close below 1.3566 will drag the parity down towards key support at 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 1.3665, stop loss at 1.3640 and target of 1.3692/1.3745.

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