• FxWirePro: USD/SGD touches 1.3882 Mark in early hours of Asia, hits highest level since January 2017

    Source: FxWire Pro - Technicals / 11 Aug 2019 22:34:57   America/New_York

    • USD/SGD is currently trading around 1.3857 marks.
       
    • It made intraday high at 1.3882 and low at 1.3851 levels.
       
    • Intraday bias remains bullish till the time pair holds key support at 1.3820 mark.
       
    • A daily close above 1.3849 will test key resistances at 1.3888, 1.3945 and 1.4012 marks respectively.
       
    • Alternatively, a consistent close below 1.3820 will drag the parity down towards key supports at 1.3794, 1.3754, 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 1.3850, stop loss at 1.3820 and target of 1.3945.

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