USD/SGD may fall 25 - 37 pips

1.3501 is our pivot point.

Our preference

The downside prevails as long as 1.3501 is resistance.

Alternative scenario

Above 1.3501, look for 1.3522 and 1.3534.

Comment

The RSI is below 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 1.3494 and 1.3501).

Supports and resistances

1.3534 **

1.3522 *

1.3501 **

1.3493

1.3483 last

1.3458

1.3446 **

1.3433 *

1.3421 **

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