USD/SGD may rise 30 - 43 pips

Our pivot point is at 1.3563.

Our preference

As long as 1.3563 is support look for 1.3626.

Alternative scenario

Below 1.3563, expect 1.3540 and 1.3527.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3578 and 1.3566).

Supports and resistances

1.3653 **

1.3639 *

1.3626 **

1.3613

1.3583 last

1.3572

1.3563 **

1.3540 *

1.3527 **

Number of asterisks represents the strength of support and resistance levels.