USD/SGD may fall 25 - 38 pips

1.3447 is our pivot point.

Our preference

Eye 1.3392.

Alternative scenario

Above 1.3447, look for 1.3468 and 1.3480.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is below its 20 period moving average (1.3434) but above its 50 period moving average (1.3429).

Supports and resistances

1.3480 **

1.3468 *

1.3447 **

1.3439

1.3430 last

1.3405

1.3392 **

1.3380 *

1.3367 **

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