USD/SGD may rise 42 - 61 pips

1.3050 is our pivot point.

Our preference

The upside prevails as long as 1.3050 is support.

Alternative scenario

Below 1.3050, expect 1.3018 and 1.2999.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3068 and 1.3059).

Supports and resistances

1.3179 **

1.3160 *

1.3141 **

1.3122

1.3080 last

1.3062

1.3050 **

1.3018 *

1.2999 **

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