USD/SGD may rise 32 - 46 pips

1.3208 is our pivot point.

Our preference

As long as 1.3208 is support look for 1.3273.

Alternative scenario

Below 1.3208, expect 1.3185 and 1.3170.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3223 and 1.3193).

Supports and resistances

1.3302 **

1.3288 *

1.3273 **

1.3259

1.3227 last

1.3218

1.3208 **

1.3185 *

1.3170 **

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