USD/SGD may rise 30 - 44 pips

1.3018 is our pivot point.

Our preference

The upside prevails as long as 1.3018 is support.

Alternative scenario

Below 1.3018, expect 1.2995 and 1.2980.

Comment

The RSI is above 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 1.3037 and 1.3029). Finally, the USD/SGD has crossed above its upper Bollinger band (1.3045).

Supports and resistances

1.3118 **

1.3103 *

1.3089 **

1.3075

1.3045 last

1.3028

1.3018 **

1.2995 *

1.2980 **

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