USD/SGD may rise 29 - 42 pips

Our pivot point is at 1.3565.

Our preference

As long as 1.3565 is support look for 1.3630.

Alternative scenario

Below 1.3565, expect 1.3542 and 1.3529.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3581 and 1.3575).

Supports and resistances

1.3657 **

1.3643 *

1.3630 **

1.3617

1.3588 last

1.3574

1.3565 **

1.3542 *

1.3529 **

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