USD/SGD may rise 26 - 38 pips

1.3434 is our pivot point.

Our preference

Rebound towards 1.3489.

Alternative scenario

The downside breakout of 1.3434 would call for 1.3413 and 1.3401.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3451 and 1.3454).

Supports and resistances

1.3514 **

1.3501 *

1.3489 **

1.3477

1.3451 last

1.3442

1.3434 **

1.3413 *

1.3401 **

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