USD/SGD may fall 26 - 38 pips

1.3575 is our pivot point.

Our preference

The downside prevails as long as 1.3575 is resistance.

Alternative scenario

Above 1.3575, look for 1.3596 and 1.3609.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3563 and 1.3574).

Supports and resistances

1.3609 **

1.3596 *

1.3575 **

1.3567

1.3558 last

1.3532

1.3520 **

1.3507 *

1.3495 **

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