USD/SGD may rise 28 - 40 pips

1.3473 is our pivot point.

Our preference

The upside prevails as long as 1.3473 is support.

Alternative scenario

Below 1.3473, expect 1.3452 and 1.3440.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3487 and 1.3490).

Supports and resistances

1.3556 **

1.3543 *

1.3531 **

1.3519

1.3491 last

1.3481

1.3473 **

1.3452 *

1.3440 **

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