USD/SGD may rise 25 - 37 pips

Our pivot point is at 1.3478.

Our preference

The upside prevails as long as 1.3478 is support.

Alternative scenario

Below 1.3478, expect 1.3457 and 1.3445.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3492 and 1.3485). Finally, the USD/SGD has crossed above its upper Bollinger band (1.3499).

Supports and resistances

1.3560 **

1.3548 *

1.3536 **

1.3524

1.3499 last

1.3485

1.3478 **

1.3457 *

1.3445 **

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