CHF/SGD intraday: as long as 1.494 is resistance look for 1.479

Our pivot point stands at 1.494.

Our preference: as long as 1.494 is resistance look for 1.479.

Alternative scenario: the upside breakout of 1.494, would call for 1.499 and 1.503.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.489 and 1.489).

Supports and resistances:

1.503 **

1.499 *

1.494 **

1.492

1.488 last

1.482

1.479 **

1.476 *

1.472 **

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 04-17-2023 at 10:44 UTC+1

Price reference: 1.489 last known on 04-17-2023 at 10:44 UTC+1

Investment horizon: INTRADAY