USD/SGD may rise 33 - 45 pips

1.3399 is our pivot point.

Our preference

Rebound towards 1.3460.

Alternative scenario

Below 1.3399, expect 1.3379 and 1.3367.

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 1.3420 and 1.3432).

Supports and resistances

1.3484 **

1.3472 *

1.3460 **

1.3448

1.3415 last

1.3407

1.3399 **

1.3379 *

1.3367 **

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