Our pivot point stands at 1.3303.
Our preference: the upside prevails as long as 1.3303 is support.
Alternative scenario: the downside breakout of 1.3303 would call for 1.3276 and 1.3259.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3319 and 1.3309). Finally, the USD/SGD is trading above its upper Bollinger band (standing at 1.3330).
Supports and resistances:
1.3431 **
1.3414 *
1.3398 **
1.3382
1.3337 last
1.3314
1.3303 **
1.3276 *
1.3259 **
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 03-27-2023 at 03:58 UTC+1
Price reference: 1.3337 last known on 03-27-2023 at 03:58 UTC+1
Investment horizon: INTRADAY