CHF/SGD may fall 5 - 6 pips

Our pivot point stands at 1.522.

Our preference

Technical rebound towards 1.522 before a new drop.

Alternative scenario

The upside breakout of 1.522, would call for 1.525 and 1.527.

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 trading above its 20 period moving average (1.519) but under its 50 period moving average (1.520).

Supports and resistances

1.527 **

1.525 *

1.522 **

1.521

1.520 last

1.515

1.514 **

1.512 *

1.510 **

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