AUD/SGD intraday: the upside prevails as long as 1

AUD/SGD intraday: the upside prevails as long as 1.0270 is support

AUDSGD

Trading Central 2021-01-14 18:05:04

Our pivot point is at 1.0270.

Our preference: the upside prevails as long as 1.0270 is support.

Alternative scenario: the downside breakout of 1.0270 would call for 1.0240 and 1.0220.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0283 and 1.0270).

Supports and resistances:

1.0370 **

1.0360 *

1.0340 **

1.0320

1.0290 last

1.0280

1.0270 **

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