USD/SGD may rise 23 - 35 pips

1.3230 is our pivot point.

Our preference

As long as 1.3230 is support look for 1.3283.

Alternative scenario

Below 1.3230, expect 1.3211 and 1.3199.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3245 and 1.3230).

Supports and resistances

1.3306 **

1.3295 *

1.3283 **

1.3271

1.3248 last

1.3238

1.3230 **

1.3211 *

1.3199 **

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