USD/SGD may rise 24 - 36 pips

1.3471 is our pivot point.

Our preference

The upside prevails as long as 1.3471 is support.

Alternative scenario

The downside breakout of 1.3471 would call for 1.3451 and 1.3439.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3473 and 1.3489).

Supports and resistances

1.3550 **

1.3538 *

1.3526 **

1.3514

1.3490 last

1.3479

1.3471 **

1.3451 *

1.3439 **

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