USD/SGD may rise 26 - 38 pips

1.3472 is our pivot point.

Our preference

The upside prevails as long as 1.3472 is support.

Alternative scenario

The downside breakout of 1.3472 would call for 1.3451 and 1.3439.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3487 and 1.3491).

Supports and resistances

1.3557 **

1.3544 *

1.3532 **

1.3520

1.3494 last

1.3480

1.3472 **

1.3451 *

1.3439 **

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