USD/SGD intraday: the downside prevails as long as 1.3313 is resistance

1.3313 is our pivot point.

Our preference: the downside prevails as long as 1.3313 is resistance.

Alternative scenario: the upside breakout of 1.3313, would call for 1.3341 and 1.3358.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3301 and 1.3305).

Supports and resistances:

1.3358 **

1.3341 *

1.3313 **

1.3302

1.3288 last

1.3251

1.3234 **

1.3218 *

1.3201 **

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 04-10-2023 at 12:30 UTC+1

Price reference: 1.3288 last known on 04-10-2023 at 12:30 UTC+1

Investment horizon: INTRADAY