USD/SGD intraday: as long as 1.3301 is support look for 1.3374

1.3301 is our pivot point.

Our preference: as long as 1.3301 is support look for 1.3374.

Alternative scenario: the downside breakout of 1.3301 would call for 1.3274 and 1.3258.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3323 and 1.3320).

Supports and resistances:

1.3406 **

1.3390 *

1.3374 **

1.3358

1.3325 last

1.3311

1.3301 **

1.3274 *

1.3258 **

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 04-11-2023 at 21:54 UTC+1

Price reference: 1.3325 last known on 04-11-2023 at 21:54 UTC+1

Investment horizon: INTRADAY