USD/SGD may rise 32 - 46 pips

1.3008 is our pivot point.

Our preference

The upside prevails as long as 1.3008 is support.

Alternative scenario

Below 1.3008, expect 1.2985 and 1.2970.

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 below its 20 period moving average (1.3029) but above its 50 period moving average (1.3019).

Supports and resistances

1.3102 **

1.3088 *

1.3074 **

1.3060

1.3028 last

1.3018

1.3008 **

1.2985 *

1.2970 **

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