USD/SGD may rise 26 - 38 pips

1.3435 is our pivot point.

Our preference

Rebound towards 1.3493.

Alternative scenario

Below 1.3435, expect 1.3414 and 1.3401.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3455 and 1.3463).

Supports and resistances

1.3518 **

1.3506 *

1.3493 **

1.3481

1.3455 last

1.3443

1.3435 **

1.3414 *

1.3401 **

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