USD/SGD may rise 24 - 35 pips

1.3149 is our pivot point.

Our preference

Our next up target stands at 1.3200.

Alternative scenario

The downside breakout of 1.3149 would call for 1.3130 and 1.3118.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3153 and 1.3164).

Supports and resistances

1.3222 **

1.3211 *

1.3200 **

1.3189

1.3165 last

1.3156

1.3149 **

1.3130 *

1.3118 **

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