USD/SGD intraday: as long as 1.3316 is support look for 1.3391

Our pivot point is at 1.3316.

Our preference: as long as 1.3316 is support look for 1.3391.

Alternative scenario: below 1.3316, expect 1.3289 and 1.3273.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (1.3342) but above its 50 period moving average (1.3325).

Supports and resistances:

1.3423 **

1.3407 *

1.3391 **

1.3375

1.3337 last

1.3326

1.3316 **

1.3289 *

1.3273 **

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 04-18-2023 at 00:10 UTC+1

Price reference: 1.3337 last known on 04-18-2023 at 00:10 UTC+1

Investment horizon: INTRADAY