• FxWirePro: USD/SGD rejects key support at 1.3457 Mark, short term trend reversal likely

    来源: FxWire Pro - Technicals / 14 一月 2020 22:26:11   America/New_York

    • USD/SGD is currently trading around 1.3478 marks.
       
    • It made intraday high at 1.3484 and low at 1.3468 levels.
       
    • Intraday bias remains bullish till the time pair holds key support at 1.3456 mark.
       
    • A daily close above 1.3475 will test key resistances at 1.3490, 1.3537, 1.3590, 1.3637, 1.3670, 1.3706, 1.3770 and 1.3790 marks respectively.
       
    • Alternatively, a consistent close below 1.3457 will drag the parity down towards key supports at 1.3387, 1.3350 and 1.3267 levels respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

    We prefer to take long position on USD/SGD around 1.3475, stop loss at 1.3457 and target of 1.3520.

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