USD/SGD may rise 28 - 40 pips

Our pivot point is at 1.3453.

Our preference

The upside prevails as long as 1.3453 is support.

Alternative scenario

Below 1.3453, expect 1.3432 and 1.3420.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3464 and 1.3466).

Supports and resistances

1.3534 **

1.3522 *

1.3509 **

1.3497

1.3469 last

1.3461

1.3453 **

1.3432 *

1.3420 **

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