FxWirePro: USD/SGD Breaks Key Resistance at 1.3423, Good to Buy on Dips

FxWirePro: USD/SGD Breaks Key Resistance at 1.3423, Good to Buy on Dips

21 April 2016, 05:49
Roberto Jacobs
0
9

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.

The material has been provided by logo.gif



Share it with friends: