USD/SGD may rise 33 - 45 pips

Our pivot point stands at 1.3196.

Our preference

Rebound towards 1.3265.

Alternative scenario

The downside breakout of 1.3196 would call for 1.3177 and 1.3165.

Comment

The RSI is below 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 1.3238 and 1.3265).

Supports and resistances

1.3288 **

1.3277 *

1.3265 **

1.3253

1.3220 last

1.3204

1.3196 **

1.3177 *

1.3165 **

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