USD/SGD may rise 16 - 36 pips

Pivot

1.3400

Our preference

Long positions above 1.3400 with targets at 1.3445 & 1.3465 in extension.

Alternative scenario

Below 1.3400 look for further downside with 1.3380 & 1.3365 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.3485

1.3465

1.3445

1.3429 Last

1.3400

1.3380

1.3365

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