AUD/SGD intraday: as long as 1.0220 is support loo

AUD/SGD intraday: as long as 1.0220 is support look for 1.0320

AUDSGD

Trading Central 2021-01-13 17:29:05

Our pivot point stands at 1.0220.

Our preference: as long as 1.0220 is support look for 1.0320.

Alternative scenario: the downside breakout of 1.0220 would call for 1.0200 and 1.0180.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (1.0275) but above its 50 period moving average (1.0269).

Supports and resistances:

1.0350 **

1.0340 *

1.0320 **

1.0310

1.0274 last

1.0230

1.0220 **

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.