Our pivot point stands at 1.3363.
Our preference: rebound.
Alternative scenario: below 1.3363, expect 1.3332 and 1.3313.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (1.3376) but below its 50 period moving average (1.3392). Finally, the USD/SGD has crossed above its upper Bollinger band (1.3388).
Supports and resistances:
1.3484 **
1.3465 *
1.3447 **
1.3428
1.3389 last
1.3375
1.3363 **
1.3332 *
1.3313 **
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 03-21-2023 at 04:41 UTC+1
Price reference: 1.3389 last known on 03-21-2023 at 04:41 UTC+1
Investment horizon: INTRADAY