USD/SGD may rise 29 - 42 pips

Our pivot point stands at 1.3223.

Our preference

As long as 1.3223 is support look for 1.3285.

Alternative scenario

The downside breakout of 1.3223 would call for 1.3201 and 1.3187.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (1.3243) but above its 50 period moving average (1.3239).

Supports and resistances

1.3312 **

1.3298 *

1.3285 **

1.3272

1.3243 last

1.3232

1.3223 **

1.3201 *

1.3187 **

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