USD/SGD intraday: the upside prevails as long as 1.3235 is support

Our pivot point is at 1.3235.

Our preference: the upside prevails as long as 1.3235 is support.

Alternative scenario: the downside breakout of 1.3235 would call for 1.3208 and 1.3192.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3250 and 1.3235).

Supports and resistances:

1.3339 **

1.3323 *

1.3308 **

1.3292

1.3258 last

1.3245

1.3235 **

1.3208 *

1.3192 **

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 04-14-2023 at 12:19 UTC+1

Price reference: 1.3258 last known on 04-14-2023 at 12:19 UTC+1

Investment horizon: INTRADAY