USD/SGD may fall 24 - 36 pips

Our pivot point is at 1.3389.

Our preference

Eye 1.3331.

Alternative scenario

Above 1.3389, look for 1.3409 and 1.3420.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3367 and 1.3367).

Supports and resistances

1.3420 **

1.3409 *

1.3389 **

1.3381

1.3367 last

1.3343

1.3331 **

1.3319 *

1.3307 **

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