USD/SGD may rise 29 - 43 pips

Our pivot point is at 1.3089.

Our preference

The upside prevails as long as 1.3089 is support.

Alternative scenario

Below 1.3089, expect 1.3065 and 1.3051.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3092 and 1.3072).

Supports and resistances

1.3179 **

1.3165 *

1.3151 **

1.3137

1.3108 last

1.3098

1.3089 **

1.3065 *

1.3051 **

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