USD/SGD may rise 25 - 36 pips

Our pivot point stands at 1.3209.

Our preference

As long as 1.3209 is support look for 1.3260.

Alternative scenario

The downside breakout of 1.3209 would call for 1.3190 and 1.3179.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3216 and 1.3192).

Supports and resistances

1.3283 **

1.3271 *

1.3260 **

1.3249

1.3224 last

1.3217

1.3209 **

1.3190 *

1.3179 **

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