CHF/SGD may fall 4 - 6 pips

Our pivot point stands at 1.522.

Our preference

The downside prevails as long as 1.522 is resistance.

Alternative scenario

Above 1.522, look for 1.525 and 1.527.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.520 and 1.520).

Supports and resistances

1.527 **

1.525 *

1.522 **

1.521

1.520 last

1.516

1.514 **

1.512 *

1.510 **

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