USD/SGD may rise 25 - 38 pips

1.3427 is our pivot point.

Our preference

As long as 1.3427 is support look for 1.3482.

Alternative scenario

Below 1.3427, expect 1.3406 and 1.3394.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3442 and 1.3431).

Supports and resistances

1.3506 **

1.3494 *

1.3482 **

1.3469

1.3444 last

1.3435

1.3427 **

1.3406 *

1.3394 **

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