USD/SGD may rise 43 - 62 pips

1.3051 is our pivot point.

Our preference

As long as 1.3051 is support look for 1.3145.

Alternative scenario

Below 1.3051, expect 1.3019 and 1.3000.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3074 and 1.3071).

Supports and resistances

1.3183 **

1.3164 *

1.3145 **

1.3126

1.3083 last

1.3064

1.3051 **

1.3019 *

1.3000 **

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