USD/SGD intraday: as long as 1.3462 is support look for 1.3538

Our pivot point stands at 1.3462.

Our preference: as long as 1.3462 is support look for 1.3538.

Alternative scenario: the downside breakout of 1.3462 would call for 1.3433 and 1.3417.

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 trading above both its 20 and 50 period moving average (respectively at 1.3484 and 1.3478).

Supports and resistances:

1.3571 **

1.3554 *

1.3538 **

1.3521

1.3485 last

1.3473

1.3462 **

1.3433 *

1.3417 **

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 02-28-2023 at 12:15 UTC+1

Price reference: 1.3485 last known on 02-28-2023 at 12:15 UTC+1

Investment horizon: INTRADAY