CHF/SGD intraday: the downside prevails as long as 1.455 is resistance

1.455 is our pivot point.

Our preference: the downside prevails as long as 1.455 is resistance.

Alternative scenario: the upside breakout of 1.455, would call for 1.460 and 1.462.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.453 and 1.453).

Supports and resistances:

1.462 **

1.460 *

1.455 **

1.453

1.450 last

1.444

1.441 **

1.438 *

1.435 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 04-03-2023 at 10:45 UTC+1

Price reference: 1.450 last known on 04-03-2023 at 10:45 UTC+1

Investment horizon: INTRADAY