USD/SGD may rise 27 - 39 pips

1.3339 is our pivot point.

Our preference

Rebound towards 1.3395.

Alternative scenario

The downside breakout of 1.3339 would call for 1.3319 and 1.3307.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3358 and 1.3373).

Supports and resistances

1.3418 **

1.3406 *

1.3395 **

1.3383

1.3356 last

1.3347

1.3339 **

1.3319 *

1.3307 **

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