FxWirePro: USD/SGD Breaks Key Resistance at 1.3423, Good to Buy on Dips
21 April 2016, 05:49
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FxWirePro: USD/SGD Breaks Key Resistance at 1.3423, Good to Buy on Dips
- USD/SGD is currently trading around 1.3454 marks.
- It made intraday high at 1.3479 and low at 1.3434 levels.
- Intraday bias remains bullish till the time pair holds initial support at 1.3423 levels.
- A daily close below 1.3423 will drag the parity down towards 1.3352/1.3318/1.3302 levels.
- A sustained close above 1.3488 tests key resistances at 1.3552/1.3628/1.3772/ 1.3817/ 1.3842 marks respectively.
We prefer to take long position in USD/SGD around 1.3450, stop loss 1.3423 and target 1.3489/1.3552 levels.
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