USD/SGD may rise 29 - 41 pips

1.3419 is our pivot point.

Our preference

The upside prevails as long as 1.3419 is support.

Alternative scenario

Below 1.3419, expect 1.3398 and 1.3386.

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 1.3430 and 1.3429).

Supports and resistances

1.3502 **

1.3489 *

1.3477 **

1.3465

1.3436 last

1.3427

1.3419 **

1.3398 *

1.3386 **

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