USD/SGD may rise 26 - 38 pips

1.3448 is our pivot point.

Our preference

Rebound towards 1.3502.

Alternative scenario

The downside breakout of 1.3448 would call for 1.3428 and 1.3416.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (1.3460) but under its 50 period moving average (1.3483).

Supports and resistances

1.3526 **

1.3514 *

1.3502 **

1.3490

1.3464 last

1.3456

1.3448 **

1.3428 *

1.3416 **

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