USD/SGD may rise 39 - 58 pips

1.3031 is our pivot point.

Our preference

The upside prevails as long as 1.3031 is support.

Alternative scenario

Below 1.3031, expect 1.2999 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 1.3043 and 1.3041).

Supports and resistances

1.3155 **

1.3136 *

1.3117 **

1.3098

1.3059 last

1.3043

1.3031 **

1.2999 *

1.2980 **

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