USD/SGD may fall 25 - 37 pips

Our pivot point stands at 1.3544.

Our preference

The downside prevails as long as 1.3544 is resistance.

Alternative scenario

The upside breakout of 1.3544, would call for 1.3564 and 1.3576.

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 1.3528 and 1.3530).

Supports and resistances

1.3576 **

1.3564 *

1.3544 **

1.3536

1.3527 last

1.3502

1.3490 **

1.3478 *

1.3466 **

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